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

Research output: Working paper/PreprintWorking 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 languageEnglish
Place of PublicationFinland
PublisherUnited Nations University, World Institute for Development Economics Research
Publication statusPublished - 23 Nov 2022

Publication series

NameUNU-WIDER Working Papers
PublisherUnited Nations University World Institute for Development Economics Research

Keywords

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

Cite this