inequality: income vs. consumption

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Inequality

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Page 1: Inequality: Income vs. consumption

Inequality

Page 2: Inequality: Income vs. consumption

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.

Page 3: Inequality: Income vs. consumption

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.

Page 4: Inequality: Income vs. consumption

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.

Page 5: Inequality: Income vs. consumption

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.

Page 6: Inequality: Income vs. consumption

Amenities Owned and Used by Low-Income Households

SOURCE: U.S. EIA Residential Energy Consumption Survey

Page 7: Inequality: Income vs. consumption

Technology Owned and Used by Low-Income Households

SOURCE: U.S. EIA Residential Energy Consumption Survey