Calendrier du 21 mai 2021
Casual Friday Development Seminar - Brown Bag Seminar
Du 21/05/2021 de 12:45 à 13:45
Using Zoom
GITTARD Mélanie (PSE)
Climate variability, migration and population in Kenya
EPCI (Economie politique du changement institutionnel) Seminar
Du 21/05/2021 de 11:00 à 12:30
Via Zoom
M. RANALDI Marco (Stone Center on Socio-Economic Inequality, City University of New York)
Global Distributions of Capital and Labor Incomes: Capitalization of the Global Middle Class
This article is the first to study global distributions of capital and labor income among individuals in 2000 and 2016. By constructing a novel database covering approximately the 80% of global output and the 60% of 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 rela- tive terms, from such a 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, and the world is moving towards a global multiple-sources-of-income society.