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COVID-19 and Global Income Inequality with Angus Deaton - 1st webinar of the COVID-19 & Inequality series

Duration : 01:13:55 | Date : Mar 30, 2021

During this webinar, Professor Sir Angus Deaton examined the impact of COVID-19 on global income inequality. There is widespread belief that the COVID-19 pandemic has increased global income inequality, with a higher reduction of per capita incomes in poor countries than in rich ones. Although this assumption could be considered reasonable, it is false. Per capita incomes fell by more in higher-income countries, and country by country, international income inequality decreased. When countries are weighted by population, international income inequality increased, more in line with the original intuition. This was largely because Indian incomes fell, and because the disequalising effect of declining Indian incomes was not offset by rising incomes in China, which is no longer a globally poor country. For more information, you can access the paper here: https://scholar.princeton.edu/deaton/publications/covid-19-andglobal-income-inequality-revised-march-9-2021. This webinar was organised as part of a series of webinars that aim to explore the evidence base and carve a comprehensive overview of the COVID-inequality nexus in a number of areas including: income, spatial inequality, ethnicity and migration, labour, gender, child and education, mental health, environment and more.
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