Elite incomes around the world: Command over tradables, non-tradables, and people

Paul Segal; Michail Moatsos

Elite incomes around the world: Command over tradables, non-tradables, and people

Research output: Working paper / Preprint › Working paper

Abstract

This paper analyses elite incomes around the world, and how international comparisons of elite incomes vary depending on the exchange rate and income concept used. It is well known that between-country income inequality is higher using market exchange rates than purchasing power parity (PPP) exchange rates, due to a combination of traded sector bias and the Balassa-Samuelson effect, and we confirm that this is the case for comparing elite incomes across countries.

Original language	English
Publisher	United Nations University World Institute for Development Economics Research
Number of pages	17
Publication status	Published - 23 Nov 2022

Publication series

Series	UNU-WIDER Working Papers
Number	2022/138

JEL classifications

d31 - Personal Income, Wealth, and Their Distributions
d63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

Keywords

elites
income inequality
Balassa-Samuelson effect
PPP exchange rates
entitlements over labour

Access to Document

https://www.wider.unu.edu/sites/default/files/Publications/Working-paper/PDF/wp2022-138-elite-incomes-around-world.pdfLicence: Free access - publisher

Cite this

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