Global_changes_in_real_income_by_income_percentile_-_v1.png


Understanding the chart

This chart was created from a similar chart by economist Branko Milanovic. He analyzed global income inequality, comparing 1988 and 2008. His analysis indicated that the income of the global top 1% increased approximately 60%, while the income of the global middle classes rose 70-80%. [1] [2] The chart is often referred to as the "Elephant curve" or "Elephant graph" because of a similarity to an elephant seen from the side. [3] [4] [5] [6]

References

Summary

Description
English: Change in real income between 1988 and 2008 at various percentiles of global income distribution, calculated in 2005 international dollars
Date
Source http://heymancenter.org/files/events/milanovic.pdf
Author Farcaster

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28 June 2016