Factorial, Personal, and Wealth Inequality in Peru, 1950-2016

Distribution of factorial income, personal income, and wealth in Peru is highly inequitable. In the 1960s, wage share was higher than at international average. It improved from the 1990s onwards, but without reaching previous levels. The corrected Gini personal income coefficient exceeded the offici...

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Detalles Bibliográficos
Autores: Leiva, Favio, Alarco Tosoni, Germán, Castillo, Cesar
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2021
País:México
Institución:UNIVERSIDAD NACIONAL AUTÓNOMA DE MÉXICO
Repositorio:Problemas del Desarrollo. Revista Latinoamericana de Economía
Idioma:español
inglés
OAI Identifier:oai:ojs.pkp.sfu.ca:article/67473
Acceso en línea:https://www.probdes.iiec.unam.mx/index.php/pde/article/view/67473
Access Level:acceso abierto
Palabra clave:factorial distribution of income
personal income
Gini coefficient
wealth distribution
financial system
distribución factorial del ingreso
ingreso personal
coeficiente Gini
distribución de la riqueza
sistema financiero
Descripción
Sumario:Distribution of factorial income, personal income, and wealth in Peru is highly inequitable. In the 1960s, wage share was higher than at international average. It improved from the 1990s onwards, but without reaching previous levels. The corrected Gini personal income coefficient exceeded the official trend. The levels of inequality in productive wealth and assets distribution were higher than those of personal income distribution, in accordance with the international literature on the subject. A proxy of wealth distribution was elaborated, one which factored in both natural persons’ and businesses’ bank deposits in the national financial system. Some of the results are then compared with those of other Latin American economies.