Thereafter, there is a sharp fall to Korea and "the others" leaving, average income per head
in BRIC at $2,359 per head (up from $905 in 1995); and $2,357 in N11 ex-Korea.
Overall, household income per head
increased at similar rates all over the UK, showing no signs of wealth inequalities evening out.
And world income per head
has about doubled in real terms since 1975.
The price considered is the price implicit in the consumption of insurance services; for income, we take real disposable income per head
The debate is especially sensitive, as the Commission's Cohesion report published in January already revealed something about what awaits a 27-nation EU (see European Report 2565, same Section):- over one-third of the population would live in countries with an income per head
lass than 90% of the EU average, against one-sixth at present;- at regional level, the average income per head
for the bottom 10% of the population living in the least prosperous regions in an EU of 27 countries, would be only 31% of the average, against 61% at present.
My main point was to emphasize that, between 1820 and 1994, real income per head
in the United States increased by a factor of 17.
Another purpose of this research is to discuss adequate ways to perform international comparisons of income, and income per head
, and to correct for depreciation.
But income per head
is a much better measure of poverty than income per household.
First, national income per head
measures economic well-being.
There are a number of objections which can be made to the procedure adopted here, which is to convert mean income levels to the average in the European Community (EC) in 1990 based on National Disposable Income per head
calculated using purchasing power parities (OECD, 1992, Table C, and population figures from Table D).
And this despite the fact that in terms of real income per head
, the African American in the USA is a great many times richer than the Chinese or the Keralite.
It makes for a faster rate of increase in consumption per head, and hence, in a steady state for faster growth in income per head