‘Big Mac Affordability’ and real-income inequality across countries

Orkideh Gharehgozli; Vidya Atal

doi:10.1080/13504851.2019.1679342

‘Big Mac Affordability’ and real-income inequality across countries

Economics

Research output: Contribution to journal › Article › peer-review

7 Scopus citations

Abstract

Using the Big Mac Index and focusing on the deciles of the income distribution, we produce a descriptive study of real-income inequality from households in 29 countries and for period 2000 to 2013. Using daily Big Mac Affordability (BMA), we rank and show differences in the living standards and the purchasing power of individuals belonging to different income deciles in these countries. We also provide a multidimensional Big Mac real-income inequality analysis by looking at Coefficient of Variation as well as the share of bottom to top decile BMA (as a measure of dispersion) across countries.

Original language	English
Pages (from-to)	1352-1356
Number of pages	5
Journal	Applied Economics Letters
Volume	27
Issue number	16
DOIs	https://doi.org/10.1080/13504851.2019.1679342
State	Published - 19 Sep 2020

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 10 Reduced Inequalities

Keywords

Big Mac Index
affordability
comparative country studies
income distribution decile
income inequality

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10.1080/13504851.2019.1679342

Cite this

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title = "{\textquoteleft}Big Mac Affordability{\textquoteright} and real-income inequality across countries",

abstract = "Using the Big Mac Index and focusing on the deciles of the income distribution, we produce a descriptive study of real-income inequality from households in 29 countries and for period 2000 to 2013. Using daily Big Mac Affordability (BMA), we rank and show differences in the living standards and the purchasing power of individuals belonging to different income deciles in these countries. We also provide a multidimensional Big Mac real-income inequality analysis by looking at Coefficient of Variation as well as the share of bottom to top decile BMA (as a measure of dispersion) across countries.",

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N2 - Using the Big Mac Index and focusing on the deciles of the income distribution, we produce a descriptive study of real-income inequality from households in 29 countries and for period 2000 to 2013. Using daily Big Mac Affordability (BMA), we rank and show differences in the living standards and the purchasing power of individuals belonging to different income deciles in these countries. We also provide a multidimensional Big Mac real-income inequality analysis by looking at Coefficient of Variation as well as the share of bottom to top decile BMA (as a measure of dispersion) across countries.

AB - Using the Big Mac Index and focusing on the deciles of the income distribution, we produce a descriptive study of real-income inequality from households in 29 countries and for period 2000 to 2013. Using daily Big Mac Affordability (BMA), we rank and show differences in the living standards and the purchasing power of individuals belonging to different income deciles in these countries. We also provide a multidimensional Big Mac real-income inequality analysis by looking at Coefficient of Variation as well as the share of bottom to top decile BMA (as a measure of dispersion) across countries.

KW - Big Mac Index

KW - affordability

KW - comparative country studies

KW - income distribution decile

KW - income inequality

UR - https://www.scopus.com/pages/publications/85074365762

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IS - 16

ER -

‘Big Mac Affordability’ and real-income inequality across countries

Abstract

UN SDGs

Keywords

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