Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/263377 
Year of Publication: 
2022
Series/Report no.: 
IZA Discussion Papers No. 15161
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
In this paper we argue that the decline in global inequality over the last decades has spurred a 'sunshine' narrative of falling global inequality that has been rather oversold, in the sense, we argue, it is likely to be temporary. We argue the decline in global inequality will reverse due to changes in the between-country component. We find there is a potentially startling global inequality 'boomerang', possibly in the mid-to-late 2020s, which would have happened even if there were no pandemic, and that the pandemic is likely to bring forward the global inequality boomerang.
Subjects: 
global inequality
inequality boomerang
COVID-19
JEL: 
D31
D63
O15
Document Type: 
Working Paper

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