Billionaires around the world, who have almost doubled in number since the 2008 global financial crisis, saw their combined fortunes grow by $2.5bn a day, while the 3.8 billion people at the bottom of the scale saw their wealth decline by 11 percent in 2018, said the UK-based charity's annual inequality
report on Monday, Al-Jazeera reported.
A new state-level panel of annual inequality
measures over the period 1916-2005.
"A New State-Level Panel of Annual Inequality
Measures over the Period 1916 - 2005." Journal of Business Strategies, 31, 2014, 241-63.
The distinguishing feature of our panel is the construction of annual inequality
measures for each of the states.
Mobility, however, had a disequalizing effect and, in fact, outweighed the progressivity effect, thus increasing the annual inequality
. In both decades, the long-term income inequality is lower than the income inequality in the first year of the decade.
The preceding example of a two-person economy demonstrates how, with annual inequality
staying constant, movement in the earnings distribution can still work to reduce inequality when earnings are summed over a longer period.
And most important, since most individuals plan to stay with their current employers and earn generous pensions in the future,(20) a measure of annual inequality
does not capture individuals' personal expectations of future benefits, or does not measure the true distribution of welfare.
The above annual inequality
measures are estimated using consumer income data from the Current Population Report for the U.S., tax unit net income from the Blue Book for the United Kingdom, family income from tax declaration forms for Greece, and family income from surveys by the Bank of Italy for Italy.