Getting a fix on wealth inequality

Abstract

Only individual rather than household-level data can help us understand its dimensions in India Discussions of wealth inequality are a welcome departure from the exclusive focus on poverty using calculations based on consumption surveys. Wealth is crucial for consumption smoothing and acts as a buffer to draw upon during times of distress. In many ways, wealth is more aligned with the concept of wellbeing than income or consumption. Wealth is also recognised for its role in creating opportunities for future generations. Typically, one considers the Gini coefficient or the wealth shares of the top deciles in trying to understand the extent of inequality. Read more at: https://www.thehindubusinessline.com/opinion/getting-a-fix-on-wealth-inequality/article21085329.ece1#