Beyond Piketty: A new perspective on poverty and inequality in India
نویسندگان
چکیده
The socio-economic literature has focused much on how overall inequality in income distribution (frequently measured by the Gini coefficient) undermines “trickle down” effect. In other words, higher distribution, lower is growth elasticity of poverty. However, with publication Piketty’s magnum opus (2014), and a subsequent study Chancel Piketty (2017) evolution India since 1922, focus shifted to disparity between richest 1% (or 0.01%) bottom 50%. Their central argument that rapid at top end millionaires billionaires by-product growth. present extends this linking it poverty indices India. Based Human Development Survey 2005–12 – nationwide panel survey-we examine links inequality, especially upper tail relative 50%, state affluence (measured per capita income) their interaction or joint Another feature our research we analyse effects FGT class indices. results are similar as direction association concerned but elasticities vary index. negative significant for all three cases, share 50% associated greater These than (absolute) except case gap. largest increase occurs gap squared 1.24% value Thus consequences even small alarming poorest.
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ژورنال
عنوان ژورنال: Journal of Policy Modeling
سال: 2021
ISSN: ['0161-8938', '1873-8060']
DOI: https://doi.org/10.1016/j.jpolmod.2020.10.003