We compare absolute, relative and intermediate views on the evolution of global inequality between 1980 and 2009. According to the relative view, inequality remains invariant after a uniform proportional change of all incomes whereas the absolute view requires invariance to a uniform change of...

Individual well-being depends not only on income but also on other dimensions of life, such as health, the quality of social relations and of the environment, employment, and job satisfaction. In this chapter we survey the economic literature on how to construct such overall measures of...

There is a great deal of coverage on inequality, and the key determinants of recent trends are increasingly well-documented. However, much less is known about the driving forces behind international differences in inequality. The nine contributions collected in this book set out to examine the...