Arbeitspapier
Global distributions of capital and labor incomes: Capitalization of the global middle class
This article studies global distributions of capital and labor income among individuals in 2000 and 2016. By constructing a novel database covering approximately the 80% of the global output and the 60% of the world population, two major findings stand out. First, the world underwent a spectacular process of capitalization. The share of world individuals with positive capital income rose from 20% to 32%. Second, the global middle class benefited the most, in relative terms, from such capitalization process. In China, the average growth rate of capital income was 20 times higher than in western economies. The global composition of capital and labor income is, therefore, more equal today than it was twenty years ago, and the world is moving towards a global multiple-sources-of-income society.
- Sprache
-
Englisch
- Erschienen in
-
Series: LIS Working Paper Series ; No. 808
- Klassifikation
-
Wirtschaft
Personal Income, Wealth, and Their Distributions
- Thema
-
Global Inequality
Capital and Labor
Compositional Inequality
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Ranaldi, Marco
- Ereignis
-
Veröffentlichung
- (wer)
-
Luxembourg Income Study (LIS)
- (wo)
-
Luxembourg
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Ranaldi, Marco
- Luxembourg Income Study (LIS)
Entstanden
- 2021
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