International Income Inequality: Measuring PPP Bias by Estimating Engel Curves for Food
dc.contributor.author | Almås, Ingvild | |
dc.date.accessioned | 2014-12-17T11:37:07Z | |
dc.date.accessioned | 2015-03-09T09:35:00Z | |
dc.date.available | 2014-12-17T11:37:07Z | |
dc.date.available | 2015-03-09T09:35:00Z | |
dc.date.issued | 2012 | |
dc.identifier.citation | The American Economic Review 2012, 102(2):1093-1117 | nb_NO |
dc.identifier.issn | 0002-8282 | |
dc.identifier.uri | http://hdl.handle.net/11250/278692 | |
dc.description | The author has the right to republish, post on servers, redistribute to lists and use any component of this work in other works. For others to do so requires prior specific permission and/or a fee. Permissions may be requested from the American Economic Association Administrative Office. Copyright © 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014 by the American Economic Association. | nb_NO |
dc.description.abstract | Purchasing power-adjusted incomes applied in cross-country comparisons are measured with bias. This paper estimates the purchasing power parity (PPP) bias in Penn World Table incomes and provides corrected incomes. The bias is substantial and systematic: the poorer a country, the more its income tends to be overestimated. Consequently, international income inequality is substantially underestimated. The methodological contribution is to exploit the analogies between PPP bias and the bias in consumer price index (CPI) numbers. The PPP bias and subsequent corrected incomes are measured by estimating Engel curves for food, an established method of measuring CPI bias. | nb_NO |
dc.language.iso | eng | nb_NO |
dc.publisher | American Economic Association | nb_NO |
dc.title | International Income Inequality: Measuring PPP Bias by Estimating Engel Curves for Food | nb_NO |
dc.type | Journal article | nb_NO |
dc.date.updated | 2014-12-17T11:37:08Z | |
dc.source.pagenumber | 1093-1117 | nb_NO |
dc.source.volume | 102 | nb_NO |
dc.source.journal | The American Economic Review | nb_NO |
dc.source.issue | 2 | nb_NO |
dc.identifier.doi | 10.1257/aer.102.2.1093 | |
dc.identifier.cristin | 926922 |
Files in this item
This item appears in the following Collection(s)
-
Articles (SAM) [119]