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• W3025672162 abstract "I take a new approach to measuring world inequality and welfare over time by constructing robust bounds for these series instead of imposing parametric assumptions to compute point estimates. I derive sharp bounds on the Atkinson inequality index that are valid for any underlying distribution of income conditional on given fractile shares and Gini coefficients. While the bounds are too wide to reject the hypothesis that world inequality may have risen, I show that world welfare rose unambiguously between 1970 and 2006. This conclusion is valid for alternative methods of dealing with countries and years with missing surveys, alternative survey harmonization procedures, alternative GDP series, or if the inequality surveys used systematically underreport the income of the very rich, or suffer from nonresponse bias." @default.
• W3025672162 created "2020-05-21" @default.
• W3025672162 creator A5000312968 @default.
• W3025672162 date "2013-01-01" @default.
• W3025672162 modified "2023-10-03" @default.
• W3025672162 title "World welfare is rising: Estimation using nonparametric bounds on welfare measures" @default.
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• W3025672162 doi "https://doi.org/10.1016/j.jpubeco.2012.09.005" @default.
• W3025672162 hasPublicationYear "2013" @default.
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