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

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  • Paul Segal
  • Michail Moatsos

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.

Suggested Citation

  • Paul Segal & Michail Moatsos, 2022. "Elite incomes around the world: Command over tradables, non-tradables, and people," WIDER Working Paper Series wp-2022-138, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2022-138
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    File URL: https://www.wider.unu.edu/sites/default/files/Publications/Working-paper/PDF/wp2022-138-elite-incomes-around-world.pdf
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    References listed on IDEAS

    as
    1. Anand, Sudhir & Segal, Paul, 2017. "Who Are the Global Top 1%?," World Development, Elsevier, vol. 95(C), pages 111-126.
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    Keywords

    Elites; Income inequality; Exchange rate;
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