SlideShare a Scribd company logo
1 of 7
Inequality
Percent of world population
              living on less than $1 per day




SOURCE: Maxim Pinkovskiy and Xavier Sala‐i‐Martin . “Parametric Estimations of the World Distribution of
Income.” NBER Working Paper #15433. October 2009.
World Distribution of Income




SOURCE: Xavier Sala‐i‐Martin. “The World Distribution of Income: Falling Poverty and…
Convergence, Period.” Quarterly Journal of Economics, Vol.121, Issue 2. May 2006.
Top Decile Income Share
                in the United States




SOURCE: Emmanuel Saez, “Striking it Richer: The Evolution of Top Incomes in the United States (Updated with
2007 estimates),” Institute for Research on Labor and Employment Working Paper. August 5, 2009.
Per Capita Real Consumption by
          Income Quintile (2005=100)




SOURCE: Author’s calculations based on data from BLS's CES, BEA's NIPA tables , and IMF’s
US population statistics.
Amenities Owned and Used by
           Low‐Income Households




SOURCE: U.S. EIA Residential Energy Consumption Survey
Technology Owned and Used
           by Low‐Income Households




SOURCE: U.S. EIA Residential Energy Consumption Survey

More Related Content

More from AEI

A straight, broad highway to building wealth for middle and working class fam...
A straight, broad highway to building wealth for middle and working class fam...A straight, broad highway to building wealth for middle and working class fam...
A straight, broad highway to building wealth for middle and working class fam...AEI
 
A straight, broad highway to building wealth for middle and working class fam...
A straight, broad highway to building wealth for middle and working class fam...A straight, broad highway to building wealth for middle and working class fam...
A straight, broad highway to building wealth for middle and working class fam...AEI
 
How to improve economic opportunity for women in the US
How to improve economic opportunity for women in the USHow to improve economic opportunity for women in the US
How to improve economic opportunity for women in the USAEI
 
The state of housing finance in the United States
The state of housing finance in the United StatesThe state of housing finance in the United States
The state of housing finance in the United StatesAEI
 
Liquidity needs in the post crisis world and liquidity provision for bank res...
Liquidity needs in the post crisis world and liquidity provision for bank res...Liquidity needs in the post crisis world and liquidity provision for bank res...
Liquidity needs in the post crisis world and liquidity provision for bank res...AEI
 
Public and private issues in LTC financing for the elderly
Public and private issues in LTC financing for the elderlyPublic and private issues in LTC financing for the elderly
Public and private issues in LTC financing for the elderlyAEI
 
Happiness, free enterprise, and human flourishing: A special event featuring ...
Happiness, free enterprise, and human flourishing: A special event featuring ...Happiness, free enterprise, and human flourishing: A special event featuring ...
Happiness, free enterprise, and human flourishing: A special event featuring ...AEI
 
The devolution of appraisal theory and practice
The devolution of appraisal theory and practiceThe devolution of appraisal theory and practice
The devolution of appraisal theory and practiceAEI
 
The great housing boom and bust: Lessons learned
The great housing boom and bust: Lessons learnedThe great housing boom and bust: Lessons learned
The great housing boom and bust: Lessons learnedAEI
 
Housing risk briefing_012714
Housing risk briefing_012714Housing risk briefing_012714
Housing risk briefing_012714AEI
 
Poll: Tech policy predictions for 2014
Poll: Tech policy predictions for 2014Poll: Tech policy predictions for 2014
Poll: Tech policy predictions for 2014AEI
 
AEI's International Center on Housing Risk Briefing Presentation
AEI's International Center on Housing Risk Briefing PresentationAEI's International Center on Housing Risk Briefing Presentation
AEI's International Center on Housing Risk Briefing PresentationAEI
 
The FHA does not produce sustainable homeownership
The FHA does not produce sustainable homeownershipThe FHA does not produce sustainable homeownership
The FHA does not produce sustainable homeownershipAEI
 
Senate HELP Testimony 11/20/13
Senate HELP Testimony 11/20/13Senate HELP Testimony 11/20/13
Senate HELP Testimony 11/20/13AEI
 
Breakthrough Leadership in the Digital Age
Breakthrough Leadership in the Digital AgeBreakthrough Leadership in the Digital Age
Breakthrough Leadership in the Digital AgeAEI
 
Military Medical Centers
Military Medical CentersMilitary Medical Centers
Military Medical CentersAEI
 
Shaping Our Nation
Shaping Our NationShaping Our Nation
Shaping Our NationAEI
 
How the FHA Hurts Working-Class Families and Communities
How the FHA Hurts Working-Class Families and CommunitiesHow the FHA Hurts Working-Class Families and Communities
How the FHA Hurts Working-Class Families and CommunitiesAEI
 
9 facts you may not know about Hezbollah
9 facts you may not know about Hezbollah9 facts you may not know about Hezbollah
9 facts you may not know about HezbollahAEI
 
The best of both worlds: Uniting universal coverage and personal choice in he...
The best of both worlds: Uniting universal coverage and personal choice in he...The best of both worlds: Uniting universal coverage and personal choice in he...
The best of both worlds: Uniting universal coverage and personal choice in he...AEI
 

More from AEI (20)

A straight, broad highway to building wealth for middle and working class fam...
A straight, broad highway to building wealth for middle and working class fam...A straight, broad highway to building wealth for middle and working class fam...
A straight, broad highway to building wealth for middle and working class fam...
 
A straight, broad highway to building wealth for middle and working class fam...
A straight, broad highway to building wealth for middle and working class fam...A straight, broad highway to building wealth for middle and working class fam...
A straight, broad highway to building wealth for middle and working class fam...
 
How to improve economic opportunity for women in the US
How to improve economic opportunity for women in the USHow to improve economic opportunity for women in the US
How to improve economic opportunity for women in the US
 
The state of housing finance in the United States
The state of housing finance in the United StatesThe state of housing finance in the United States
The state of housing finance in the United States
 
Liquidity needs in the post crisis world and liquidity provision for bank res...
Liquidity needs in the post crisis world and liquidity provision for bank res...Liquidity needs in the post crisis world and liquidity provision for bank res...
Liquidity needs in the post crisis world and liquidity provision for bank res...
 
Public and private issues in LTC financing for the elderly
Public and private issues in LTC financing for the elderlyPublic and private issues in LTC financing for the elderly
Public and private issues in LTC financing for the elderly
 
Happiness, free enterprise, and human flourishing: A special event featuring ...
Happiness, free enterprise, and human flourishing: A special event featuring ...Happiness, free enterprise, and human flourishing: A special event featuring ...
Happiness, free enterprise, and human flourishing: A special event featuring ...
 
The devolution of appraisal theory and practice
The devolution of appraisal theory and practiceThe devolution of appraisal theory and practice
The devolution of appraisal theory and practice
 
The great housing boom and bust: Lessons learned
The great housing boom and bust: Lessons learnedThe great housing boom and bust: Lessons learned
The great housing boom and bust: Lessons learned
 
Housing risk briefing_012714
Housing risk briefing_012714Housing risk briefing_012714
Housing risk briefing_012714
 
Poll: Tech policy predictions for 2014
Poll: Tech policy predictions for 2014Poll: Tech policy predictions for 2014
Poll: Tech policy predictions for 2014
 
AEI's International Center on Housing Risk Briefing Presentation
AEI's International Center on Housing Risk Briefing PresentationAEI's International Center on Housing Risk Briefing Presentation
AEI's International Center on Housing Risk Briefing Presentation
 
The FHA does not produce sustainable homeownership
The FHA does not produce sustainable homeownershipThe FHA does not produce sustainable homeownership
The FHA does not produce sustainable homeownership
 
Senate HELP Testimony 11/20/13
Senate HELP Testimony 11/20/13Senate HELP Testimony 11/20/13
Senate HELP Testimony 11/20/13
 
Breakthrough Leadership in the Digital Age
Breakthrough Leadership in the Digital AgeBreakthrough Leadership in the Digital Age
Breakthrough Leadership in the Digital Age
 
Military Medical Centers
Military Medical CentersMilitary Medical Centers
Military Medical Centers
 
Shaping Our Nation
Shaping Our NationShaping Our Nation
Shaping Our Nation
 
How the FHA Hurts Working-Class Families and Communities
How the FHA Hurts Working-Class Families and CommunitiesHow the FHA Hurts Working-Class Families and Communities
How the FHA Hurts Working-Class Families and Communities
 
9 facts you may not know about Hezbollah
9 facts you may not know about Hezbollah9 facts you may not know about Hezbollah
9 facts you may not know about Hezbollah
 
The best of both worlds: Uniting universal coverage and personal choice in he...
The best of both worlds: Uniting universal coverage and personal choice in he...The best of both worlds: Uniting universal coverage and personal choice in he...
The best of both worlds: Uniting universal coverage and personal choice in he...
 

Recently uploaded

Webinar on E-Invoicing for Fintech Belgium
Webinar on E-Invoicing for Fintech BelgiumWebinar on E-Invoicing for Fintech Belgium
Webinar on E-Invoicing for Fintech BelgiumFinTech Belgium
 
Dubai Call Girls Deira O525547819 Dubai Call Girls Bur Dubai Multiple
Dubai Call Girls Deira O525547819 Dubai Call Girls Bur Dubai MultipleDubai Call Girls Deira O525547819 Dubai Call Girls Bur Dubai Multiple
Dubai Call Girls Deira O525547819 Dubai Call Girls Bur Dubai Multiplekojalpk89
 
QATAR Pills for Abortion -+971*55*85*39*980-in Dubai. Abu Dhabi.
QATAR Pills for Abortion -+971*55*85*39*980-in Dubai. Abu Dhabi.QATAR Pills for Abortion -+971*55*85*39*980-in Dubai. Abu Dhabi.
QATAR Pills for Abortion -+971*55*85*39*980-in Dubai. Abu Dhabi.hyt3577
 
Famous No1 Amil Baba Love marriage Astrologer Specialist Expert In Pakistan a...
Famous No1 Amil Baba Love marriage Astrologer Specialist Expert In Pakistan a...Famous No1 Amil Baba Love marriage Astrologer Specialist Expert In Pakistan a...
Famous No1 Amil Baba Love marriage Astrologer Specialist Expert In Pakistan a...janibaber266
 
abortion pills in Jeddah Saudi Arabia (+919707899604)cytotec pills in Riyadh
abortion pills in Jeddah Saudi Arabia (+919707899604)cytotec pills in Riyadhabortion pills in Jeddah Saudi Arabia (+919707899604)cytotec pills in Riyadh
abortion pills in Jeddah Saudi Arabia (+919707899604)cytotec pills in Riyadhsamsungultra782445
 
FOREX FUNDAMENTALS: A BEGINNER'S GUIDE.pdf
FOREX FUNDAMENTALS: A BEGINNER'S GUIDE.pdfFOREX FUNDAMENTALS: A BEGINNER'S GUIDE.pdf
FOREX FUNDAMENTALS: A BEGINNER'S GUIDE.pdfCocity Enterprises
 
Business Principles, Tools, and Techniques in Participating in Various Types...
Business Principles, Tools, and Techniques  in Participating in Various Types...Business Principles, Tools, and Techniques  in Participating in Various Types...
Business Principles, Tools, and Techniques in Participating in Various Types...jeffreytingson
 
abortion pills in Riyadh Saudi Arabia (+919707899604)cytotec pills in dammam
abortion pills in Riyadh Saudi Arabia (+919707899604)cytotec pills in dammamabortion pills in Riyadh Saudi Arabia (+919707899604)cytotec pills in dammam
abortion pills in Riyadh Saudi Arabia (+919707899604)cytotec pills in dammamsamsungultra782445
 
Abortion pills in Saudi Arabia (+919707899604)cytotec pills in dammam
Abortion pills in Saudi Arabia (+919707899604)cytotec pills in dammamAbortion pills in Saudi Arabia (+919707899604)cytotec pills in dammam
Abortion pills in Saudi Arabia (+919707899604)cytotec pills in dammamsamsungultra782445
 
+971565801893>>SAFE ORIGINAL ABORTION PILLS FOR SALE IN DUBAI,RAK CITY,ABUDHA...
+971565801893>>SAFE ORIGINAL ABORTION PILLS FOR SALE IN DUBAI,RAK CITY,ABUDHA...+971565801893>>SAFE ORIGINAL ABORTION PILLS FOR SALE IN DUBAI,RAK CITY,ABUDHA...
+971565801893>>SAFE ORIGINAL ABORTION PILLS FOR SALE IN DUBAI,RAK CITY,ABUDHA...Health
 
Economics Presentation-2.pdf xxjshshsjsjsjwjw
Economics Presentation-2.pdf xxjshshsjsjsjwjwEconomics Presentation-2.pdf xxjshshsjsjsjwjw
Economics Presentation-2.pdf xxjshshsjsjsjwjwmordockmatt25
 
falcon-invoice-discounting-unlocking-prime-investment-opportunities
falcon-invoice-discounting-unlocking-prime-investment-opportunitiesfalcon-invoice-discounting-unlocking-prime-investment-opportunities
falcon-invoice-discounting-unlocking-prime-investment-opportunitiesFalcon Invoice Discounting
 
Mahendragarh Escorts 🥰 8617370543 Call Girls Offer VIP Hot Girls
Mahendragarh Escorts 🥰 8617370543 Call Girls Offer VIP Hot GirlsMahendragarh Escorts 🥰 8617370543 Call Girls Offer VIP Hot Girls
Mahendragarh Escorts 🥰 8617370543 Call Girls Offer VIP Hot GirlsDeepika Singh
 
Black magic specialist in Canada (Kala ilam specialist in UK) Bangali Amil ba...
Black magic specialist in Canada (Kala ilam specialist in UK) Bangali Amil ba...Black magic specialist in Canada (Kala ilam specialist in UK) Bangali Amil ba...
Black magic specialist in Canada (Kala ilam specialist in UK) Bangali Amil ba...batoole333
 
7 tips trading Deriv Accumulator Options
7 tips trading Deriv Accumulator Options7 tips trading Deriv Accumulator Options
7 tips trading Deriv Accumulator OptionsVince Stanzione
 
fundamentals of corporate finance 11th canadian edition test bank.docx
fundamentals of corporate finance 11th canadian edition test bank.docxfundamentals of corporate finance 11th canadian edition test bank.docx
fundamentals of corporate finance 11th canadian edition test bank.docxssuserf63bd7
 
Avoidable Errors in Payroll Compliance for Payroll Services Providers - Globu...
Avoidable Errors in Payroll Compliance for Payroll Services Providers - Globu...Avoidable Errors in Payroll Compliance for Payroll Services Providers - Globu...
Avoidable Errors in Payroll Compliance for Payroll Services Providers - Globu...globusfinanza
 
Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...
Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...
Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...kajalverma014
 
Stock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdfStock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdfMichael Silva
 

Recently uploaded (20)

Webinar on E-Invoicing for Fintech Belgium
Webinar on E-Invoicing for Fintech BelgiumWebinar on E-Invoicing for Fintech Belgium
Webinar on E-Invoicing for Fintech Belgium
 
Dubai Call Girls Deira O525547819 Dubai Call Girls Bur Dubai Multiple
Dubai Call Girls Deira O525547819 Dubai Call Girls Bur Dubai MultipleDubai Call Girls Deira O525547819 Dubai Call Girls Bur Dubai Multiple
Dubai Call Girls Deira O525547819 Dubai Call Girls Bur Dubai Multiple
 
QATAR Pills for Abortion -+971*55*85*39*980-in Dubai. Abu Dhabi.
QATAR Pills for Abortion -+971*55*85*39*980-in Dubai. Abu Dhabi.QATAR Pills for Abortion -+971*55*85*39*980-in Dubai. Abu Dhabi.
QATAR Pills for Abortion -+971*55*85*39*980-in Dubai. Abu Dhabi.
 
Famous No1 Amil Baba Love marriage Astrologer Specialist Expert In Pakistan a...
Famous No1 Amil Baba Love marriage Astrologer Specialist Expert In Pakistan a...Famous No1 Amil Baba Love marriage Astrologer Specialist Expert In Pakistan a...
Famous No1 Amil Baba Love marriage Astrologer Specialist Expert In Pakistan a...
 
abortion pills in Jeddah Saudi Arabia (+919707899604)cytotec pills in Riyadh
abortion pills in Jeddah Saudi Arabia (+919707899604)cytotec pills in Riyadhabortion pills in Jeddah Saudi Arabia (+919707899604)cytotec pills in Riyadh
abortion pills in Jeddah Saudi Arabia (+919707899604)cytotec pills in Riyadh
 
FOREX FUNDAMENTALS: A BEGINNER'S GUIDE.pdf
FOREX FUNDAMENTALS: A BEGINNER'S GUIDE.pdfFOREX FUNDAMENTALS: A BEGINNER'S GUIDE.pdf
FOREX FUNDAMENTALS: A BEGINNER'S GUIDE.pdf
 
W.D. Gann Theory Complete Information.pdf
W.D. Gann Theory Complete Information.pdfW.D. Gann Theory Complete Information.pdf
W.D. Gann Theory Complete Information.pdf
 
Business Principles, Tools, and Techniques in Participating in Various Types...
Business Principles, Tools, and Techniques  in Participating in Various Types...Business Principles, Tools, and Techniques  in Participating in Various Types...
Business Principles, Tools, and Techniques in Participating in Various Types...
 
abortion pills in Riyadh Saudi Arabia (+919707899604)cytotec pills in dammam
abortion pills in Riyadh Saudi Arabia (+919707899604)cytotec pills in dammamabortion pills in Riyadh Saudi Arabia (+919707899604)cytotec pills in dammam
abortion pills in Riyadh Saudi Arabia (+919707899604)cytotec pills in dammam
 
Abortion pills in Saudi Arabia (+919707899604)cytotec pills in dammam
Abortion pills in Saudi Arabia (+919707899604)cytotec pills in dammamAbortion pills in Saudi Arabia (+919707899604)cytotec pills in dammam
Abortion pills in Saudi Arabia (+919707899604)cytotec pills in dammam
 
+971565801893>>SAFE ORIGINAL ABORTION PILLS FOR SALE IN DUBAI,RAK CITY,ABUDHA...
+971565801893>>SAFE ORIGINAL ABORTION PILLS FOR SALE IN DUBAI,RAK CITY,ABUDHA...+971565801893>>SAFE ORIGINAL ABORTION PILLS FOR SALE IN DUBAI,RAK CITY,ABUDHA...
+971565801893>>SAFE ORIGINAL ABORTION PILLS FOR SALE IN DUBAI,RAK CITY,ABUDHA...
 
Economics Presentation-2.pdf xxjshshsjsjsjwjw
Economics Presentation-2.pdf xxjshshsjsjsjwjwEconomics Presentation-2.pdf xxjshshsjsjsjwjw
Economics Presentation-2.pdf xxjshshsjsjsjwjw
 
falcon-invoice-discounting-unlocking-prime-investment-opportunities
falcon-invoice-discounting-unlocking-prime-investment-opportunitiesfalcon-invoice-discounting-unlocking-prime-investment-opportunities
falcon-invoice-discounting-unlocking-prime-investment-opportunities
 
Mahendragarh Escorts 🥰 8617370543 Call Girls Offer VIP Hot Girls
Mahendragarh Escorts 🥰 8617370543 Call Girls Offer VIP Hot GirlsMahendragarh Escorts 🥰 8617370543 Call Girls Offer VIP Hot Girls
Mahendragarh Escorts 🥰 8617370543 Call Girls Offer VIP Hot Girls
 
Black magic specialist in Canada (Kala ilam specialist in UK) Bangali Amil ba...
Black magic specialist in Canada (Kala ilam specialist in UK) Bangali Amil ba...Black magic specialist in Canada (Kala ilam specialist in UK) Bangali Amil ba...
Black magic specialist in Canada (Kala ilam specialist in UK) Bangali Amil ba...
 
7 tips trading Deriv Accumulator Options
7 tips trading Deriv Accumulator Options7 tips trading Deriv Accumulator Options
7 tips trading Deriv Accumulator Options
 
fundamentals of corporate finance 11th canadian edition test bank.docx
fundamentals of corporate finance 11th canadian edition test bank.docxfundamentals of corporate finance 11th canadian edition test bank.docx
fundamentals of corporate finance 11th canadian edition test bank.docx
 
Avoidable Errors in Payroll Compliance for Payroll Services Providers - Globu...
Avoidable Errors in Payroll Compliance for Payroll Services Providers - Globu...Avoidable Errors in Payroll Compliance for Payroll Services Providers - Globu...
Avoidable Errors in Payroll Compliance for Payroll Services Providers - Globu...
 
Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...
Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...
Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...
 
Stock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdfStock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdf
 

Inequality: Income vs. consumption

  • 2. Percent of world population living on less than $1 per day SOURCE: Maxim Pinkovskiy and Xavier Sala‐i‐Martin . “Parametric Estimations of the World Distribution of Income.” NBER Working Paper #15433. October 2009.
  • 3. World Distribution of Income SOURCE: Xavier Sala‐i‐Martin. “The World Distribution of Income: Falling Poverty and… Convergence, Period.” Quarterly Journal of Economics, Vol.121, Issue 2. May 2006.
  • 4. Top Decile Income Share in the United States SOURCE: Emmanuel Saez, “Striking it Richer: The Evolution of Top Incomes in the United States (Updated with 2007 estimates),” Institute for Research on Labor and Employment Working Paper. August 5, 2009.
  • 5. Per Capita Real Consumption by Income Quintile (2005=100) SOURCE: Author’s calculations based on data from BLS's CES, BEA's NIPA tables , and IMF’s US population statistics.
  • 6. Amenities Owned and Used by Low‐Income Households SOURCE: U.S. EIA Residential Energy Consumption Survey
  • 7. Technology Owned and Used by Low‐Income Households SOURCE: U.S. EIA Residential Energy Consumption Survey