ICES Seminar in Experimental Economics and Game Theory

After the Financial Crisis: The Evolution of the Global Income Distribution Between 2008 and 2013

Friday, February 11, 2022 12:00 PM to 1:00 PM EST
Online Location, Zoom Meeting

ICES Seminar in Experimental Economics and Game Theory

The ICES Seminar in Experimental Economics and Game Theory of the Spring 2022 semester will feature:

Branko Milanovic

City University of New York

After the Financial Crisis: The Evolution of the Global Income Distribution Between 2008 and 2013

 

Please contact ICES Office Manager (sbahabib@gmu.edu) for Zoom link.

 

Abstract

Using the newly created, and in terms of coverage and detail, the most complete household income data from more than 130 countries, the paper analyzes the changes in the global income distribution between 2008 and 2013. This was the period of the global financial crisis and recovery. It is shown that global inequality continued to decline, largely due to China’s and India’s high growth rates that explain about two-thirds of the global Gini decrease between 2008 and 2013. Income growth of the global top 1 percent slowed significantly. The slowdown is present even after survey data are corrected for the likely underestimation of highest incomes.

 

For more information about the Seminar Series, please visit the Seminar Schedule homepage.

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