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Bennett's inequality, an upper bound on the probability that the sum of independent random variables deviates from its expected value by more than any specified amount Bhatia–Davis inequality , an upper bound on the variance of any bounded probability distribution
Income ratios include the pre-tax national income share held by top 10% of the population and the ratio of the upper bound value of the ninth decile (i.e. the 10% of people with highest income) to that of the upper bound value of the first decile (the ratio of the average income of the richest 10% to the poorest 10%).
With a few exceptions—France, Japan, Spain—the top 10 percent of earners in most advanced economies raced ahead, while the bottom 10 percent fell further behind. [93] By 2013, a tiny elite of multibillionaires, 85 to be exact, had amassed wealth equivalent to all the wealth owned by the poorest half (3.5 billion) of the world's total ...
Income inequality has significant effects over long-term shifts in wealth inequality. Wealth inequality is increasing: The top .1% owned approximately 22% of the wealth in 2012, versus 7% in 1978. The top 1% share of wealth was at or below 10% from 1950 to 1987. [81] [169] A conflicting estimate found that they held some 15%. [29]
Income inequality in OECD countries is at its highest level for the past half century. The ratio between the bottom 10% and the top 10% has increased from 1:7 to 1:9 in 25 years. [18] There are tentative signs of a possible convergence of inequality levels towards a common and higher average level across OECD countries. [18]
[10] [11] For example, even though New York is the state with the highest inequality, Upstate New York has much less income inequality than Downstate New York, because the economy of New York City (Gini index 0.5469) [12] relies greatly on high-salary earners. [11]
This is a list of countries by inequality-adjusted Human Development Index (IHDI), as published by the UNDP in its 2024 Human Development Report.According to the 2016 Report, "The IHDI can be interpreted as the level of human development when inequality is accounted for", whereas the Human Development Index itself, from which the IHDI is derived, is "an index of potential human development (or ...
Alan Grayson says United States has fifth-most unequal wealth distribution in world. 10 October 2011. PolitiFact. CHARTS: Here's What The Wall Street Protesters Are So Angry About.... 11 October 2011. Business Insider. OECD 2015 In It Together Chapter 1 Overview Inequality. 21 May 2015. Organisation for Economic Co-operation and Development ...
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