inequality? And finally, we examine the convergence (or divergence) in terms of inequality. Analogous to the concept of (absolute …) convergence in terms of growth, a country is said to be convergent if the country has started with high (low) level of inequality … symptom of an inverted U relationship between growth and inequality. It shows that trade and initial level per capita income …

United States (1921-2012) to estimate two Gini-like indices representing inequality at the bottom and the top of the income … to be mostly explained by an increase in inequality at the bottom of the income distribution, which more than offsets the … decrease in inequality at the top. The implication is that middle incomes gained relative to high incomes, but especially …

dimensions of inequality are taken into account, and second, whether the recent economic recovery led to renewed convergence. To … assess sigma-convergence, I estimate transnational inequality in the euro area (EA-13) using a decomposable multidimensional …. Just two years later, in 2010, sigma-convergence started to decline, and in 2014 reached a level of divergence that had …

This paper focusses on income inequality in Asia, its drivers and policies to combat it. It finds that income … inequality has risen in most of Asia, in contrast to many other regions. While in the past, rapid growth in Asia has come with … equity" miracle. There is a growing consensus that high levels of inequality can hamper the pace and sustainability of growth …