The Sky and the Stratosphere: Wealth Concentration in India During the Last (Lost) Decade

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2023-10-03 DOI:10.1111/roiw.12661

Ishan Anand, Rishabh Kumar

引用次数: 0

Abstract

Abstract This paper provides new and improved estimates of wealth concentration in India during 2012–2018. Official surveys show a decline in wealth inequality and mean wealth per adult for the first time in three decades. We argue that although these wealth surveys are meant to be nationally representative, they underestimate the upper tail of the Indian wealth distribution—top wealth levels appear orders of magnitudes below externally measured estimates and unrepresentative of increasing stock‐market participation over this period. By combining official surveys and rich lists, we provide new estimates of top wealth shares and total personal wealth in India. We find that personal wealth is underestimated by nearly 54 percent in official data, and this gap increased sharply during the 2010s. Our revised estimates show wealth concentration to have sharply increased during 2012–2018. The share of India's top 1 percent is higher than similar estimates for Asia, and second only to Russia.

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天空和平流层:在过去(失去的)十年中印度的财富集中

本文提供了2012-2018年印度财富集中的新的和改进的估计。官方调查显示，财富不平等和成年人平均财富30年来首次出现下降。我们认为，尽管这些财富调查旨在具有全国代表性，但它们低估了印度财富分配的上尾——最高财富水平似乎比外部测量的估估值低几个数量级，并且不代表这一时期股票市场参与度的增加。通过结合官方调查和富豪榜，我们提供了印度最高财富份额和个人财富总额的新估计。我们发现，官方数据中个人财富被低估了近54%，这一差距在2010年代急剧扩大。我们修正后的估计显示，2012-2018年期间财富集中度大幅上升。印度最富有的1%人口所占比例高于亚洲的类似估计，仅次于俄罗斯。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.