social spending? On Fri, Feb 24, 2012 at 10:20 PM, Eugene Coyle <[email protected]> wrote: > Germany's economy has been doing fairly well in Europe and internationally. > > Wages have been held down. And, yet, the ratio of the highest income decile > to lowest is very small, compared to other countries. > > According to calculations by Michael Spence, published by the Council on > Foreign Relations, the ratio of the income of the richest 10% to the poorest > 10% in Germany was 6.9, compared with 15.9 for the USA. Sweden's was 6.1 > but all the other countries Spence listed were much higher. > > So if the wages were low and the income of the richest was not at a much > higher ratio, where was the money going? > > Spence also gives the ratios for the richest 20% / poorest 20% and a similar > relative result shows up. > > Here's Spence's table. Where does the income go in Germany? Or am I not > understanding this at all? > > > Table 2. Measure of Income Distribution in Selected Economies > Country Gini Coefficient R/P 10% R/P 20% > Israel 39.2 13.4 7.9 > United States 45 or 40.8 15.9 8.4 > China 41.5 21.6 12.2 > United Kingdom 34 13.8 7.2 > Germany 27–28 6.9 4.3 > Sweden 23 6.1 3.9 > Brazil 57 51.3 21.8 > India 36.8 8.6 5.6 > Source: Author’s compilation. R/P 10 percent means the ratio of the average > income of the richest 10 percent > is to the poorest 10 percent. > > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l >
-- Michael Perelman Economics Department California State University Chico, CA 95929 530 898 5321 fax 530 898 5901 http://michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
