TY - BOOK ID - 135904941 TI - Global Inequality Recalculated : the Effect of New 2005 PPP Estimates On Global Inequality PY - 2009 PB - Washington, D.C., The World Bank, DB - UniCat KW - Average income KW - Consumption expenditures KW - Country dummies KW - Country regressions KW - Developed economies KW - Developing countries KW - Economic Theory and Research KW - Emerging Markets KW - Empirical studies KW - Equity and Development KW - Gini coefficient KW - Growth rate KW - Growth rates KW - Household surveys KW - Income KW - Income levels KW - Inequality KW - Macroeconomics and Economic Growth KW - Mean incomes KW - Policy research KW - Poverty headcount KW - Poverty Impact Evaluation KW - Poverty line KW - Poverty Reduction KW - Power parity KW - Private Sector Development KW - Real growth UR - https://www.unicat.be/uniCat?func=search&query=sysid:135904941 AB - The results of new direct price level comparisons across 148 countries in 2005 have led to large revisions of purchasing power parity exchanges rates, particularly for China and India. The recalculation of international and global inequalities, using the new purchasing power parity rates, shows that inequalities are substantially higher than previously thought. Inequality between global citizens is estimated at 70 Gini points rather than 65 as before. The richest decile receives 57 percent of global income rather than 50 percent. ER -