Publication:
Is Inequality Underestimated in Egypt? Evidence from House Prices

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dc.contributor.authorvan der Weide, Roy
dc.contributor.authorLakner, Christoph
dc.contributor.authorIanchovichina, Elena
dc.date.accessioned2016-07-07T21:47:43Z
dc.date.available2016-07-07T21:47:43Z
dc.date.issued2016-06
dc.description.abstractHousehold income surveys often fail to capture top incomes which leads to an underestimation of income inequality. A popular solution is to combine the household survey with data from income tax records, which has been found to result in significant upward corrections of inequality estimates. Unfortunately, tax records are unavailable in many countries, including most of the developing world. In the absence of data from tax records, this study explores the feasibility of using data on house prices to estimate the top tail of the income distribution. In an application to Egypt, where estimates of inequality based on household surveys alone are low by international standards, the study finds strong evidence that inequality is indeed being underestimated by a considerable margin. The Gini index for urban Egypt is found to increase from 36 to 47 after correcting for the missing top tail.en
dc.identifierhttp://documents.worldbank.org/curated/en/2016/06/26514568/inequality-underestimated-egypt-evidence-house-prices
dc.identifier.doi10.1596/1813-9450-7727
dc.identifier.urihttps://hdl.handle.net/10986/24645
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7727
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectHOUSEHOLD INCOMES
dc.subjectINDICATOR FUNCTION
dc.subjectHOUSEHOLD SURVEY
dc.subjectHOUSEHOLD SIZE
dc.subjectINCOME SHARE
dc.subjectITS
dc.subjectINCOME
dc.subjectINTEREST
dc.subjectPOVERTY RATES
dc.subjectSALARY
dc.subjectEMERGING ECONOMIES
dc.subjectEXCHANGE
dc.subjectECONOMIC REVIEW
dc.subjectLABOR FORCE
dc.subjectDEVELOPING COUNTRIES
dc.subjectDISTRIBUTION OF INCOME
dc.subjectPOSITIVE VALUE
dc.subjectMORTGAGE
dc.subjectWORLD DEVELOPMENT INDICATORS
dc.subjectLINEAR MODEL
dc.subjectPOLICY DISCUSSIONS
dc.subjectSALARIES
dc.subjectHOUSEHOLD SURVEY DATA
dc.subjectSTANDARD PRACTICE
dc.subjectPRICE
dc.subjectTAX
dc.subjectINCOME TAX
dc.subjectCREDIT CARD
dc.subjectSAVING
dc.subjectDEVELOPED COUNTRIES
dc.subjectECONOMIC ANALYSIS
dc.subjectSURVEY SAMPLE
dc.subjectPOPULATION CENSUS
dc.subjectBETWEEN-GROUP INEQUALITY
dc.subjectSAVINGS
dc.subjectMORTGAGES
dc.subjectRURAL HOUSEHOLDS
dc.subjectLABOR FORCE SURVEYS
dc.subjectMEDIAN INCOME
dc.subjectWAGE
dc.subjectHOUSEHOLD HEAD
dc.subjectINEQUALITY MEASURES
dc.subjectREPRESENTATIVE SAMPLE
dc.subjectINCOME INEQUALITY
dc.subjectAVERAGE INCOME
dc.subjectGROUP MEANS
dc.subjectGINI INDEX
dc.subjectCROSS-COUNTRY REGRESSION
dc.subjectINTERNATIONAL COMPARISON
dc.subjectHOUSEHOLD INCOME
dc.subjectHIGH INCOME
dc.subjectHOUSEHOLD SURVEYS
dc.subjectCONSUMPTION EXPENDITURE
dc.subjectINDICATORS
dc.subjectINCOME LEVELS
dc.subjectMIDDLE-INCOME COUNTRIES
dc.subjectPRODUCT
dc.subjectINEQUALITY COMPONENT
dc.subjectREAL ESTATE
dc.subjectAVERAGE RATE
dc.subjectINCOME DATA
dc.subjectEMPIRICAL APPLICATION
dc.subjectEQUITY
dc.subjectCONSUMPTION
dc.subjectINEQUALITY ESTIMATES
dc.subjectCUMULATIVE DISTRIBUTION
dc.subjectPOPULATION SHARE
dc.subjectMORTGAGE MARKETS
dc.subjectHIGH INCOMES
dc.subjectDEPENDENT VARIABLE
dc.subjectDISTRIBUTION FUNCTION
dc.subjectHOUSEHOLD DATA
dc.subjectINCOME DISTRIBUTIONS
dc.subjectLINEAR RELATIONSHIP
dc.subjectCONSUMPTION SURVEY
dc.subjectDEVELOPING WORLD
dc.subjectMEAN INCOME
dc.subjectFUNCTIONAL FORM
dc.subjectINCOME DISTRIBUTION
dc.subjectTOTAL POPULATION
dc.subjectINCOME COUNTRIES
dc.subjectINCOMES
dc.subjectINEQUALITY COUNTRIES
dc.subjectREPRESENTATIVE “SAMPLE
dc.subjectSHARES
dc.subjectDOWNWARD BIAS
dc.subjectEARNING
dc.subjectRENTAL VALUE
dc.subjectSURVEYS
dc.subjectINEQUALITY MEASURE
dc.subjectINCREASING FUNCTION
dc.subjectCUMULATIVE DISTRIBUTION FUNCTION
dc.subjectECONOMIC INEQUALITY
dc.subjectECONOMIC DEVELOPMENT
dc.subjectGROUP INEQUALITY
dc.subjectINCOME STATISTICS
dc.subjectSHARE
dc.subjectDEVELOPING ECONOMY
dc.subjectINCOME SHARES
dc.subjectSAMPLING
dc.subjectSURVEY DATA
dc.subjectEMPIRICAL EVIDENCE
dc.subjectMEASURES OF POVERTY
dc.subjectHOUSEHOLD EXPENDITURES
dc.subjectPOLICY RESEARCH
dc.subjectEXCHANGE RATE
dc.subjectMEASURING INEQUALITY
dc.subjectARBITRAGE
dc.subjectPOPULATION SUB-GROUP
dc.subjectHOUSEHOLD EXPENDITURE
dc.subjectPRICES
dc.subjectINCOME LEVEL
dc.subjectINEQUALITY
dc.titleIs Inequality Underestimated in Egypt? Evidence from House Pricesen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleIs Inequality Underestimated in Egypt? Evidence from House Prices
okr.date.disclosure2016-06-22
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2016/06/26514568/inequality-underestimated-egypt-evidence-house-prices
okr.guid588041468195577344
okr.identifier.doi10.1596/1813-9450-7727
okr.identifier.externaldocumentum090224b0843f0768_1_0
okr.identifier.internaldocumentum26514568
okr.identifier.reportWPS7727
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2016/06/22/090224b0843f0768/1_0/Rendered/PDF/Is0inequality00ce0from0house0prices.pdfen
okr.region.administrativeMiddle East and North Africa
okr.region.countryEgypt, Arab Republic of
okr.topicPoverty Reduction::Inequality
okr.topicPoverty Reduction::Poverty Impact Evaluation
okr.unitPoverty and Inequality Team, Development Research Group and the Office of the Chief Economist, Middle East and North Africa Region
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