Global and Regional Inequality in the Distribution of Income : Estimation with Limited and Incomplete Data

The paper examines the nature and extent of global and regional inequality using the most recent country level data on inequality drawn from the World Bank studies, and real per capita income from the Penn World Tables, for the period 1980-1990. The methodology employed in the paper is based on a mixture of parametric and non-parametric approaches to inequality measurement. It is designed to handle the limited and incomplete nature of income distribution data from different countries. Empirical results show a very high degree of global inequality, but with some evidence of catch-up and convergence between regions