Gabriel Palma

Gabriel Palma (José Gabriel Palma) is a noted Chilean development economist. He is an emeritus professor at University of Cambridge and a part-time professor at University of Santiago, Chile. He is most noted for his work on dependency theory, the political economy of development in Latin America and income distribution.[1][2] He is also known for the Palma ratio which is defined as the ratio of the richest 10% of the population's share of gross national income divided by the poorest 40%'s share. This is based on Palma's finding that middle class incomes almost always represent about half of gross national income while the other half is split between the richest 10% and poorest 40%, but that the share of those two groups varies considerably across countries.[3][4][5][6]

Palma gave the 2020 Amartya Sen Lecture, for the Human Development and Capability Association (HDCA) Conference on What Went Wrong With European Social Democracy: On Building a Debilitating Capitalism, Where Even the Welfare State Subsidises Greater Market Inequality. [7]

  1. ^ https://www.econ.cam.ac.uk/people/emeritus/jgp5
  2. ^ https://www.ineteconomics.org/research/experts/jPalma
  3. ^ Palma, José Gabriel (January 2011). "Homogeneous middles vs. heterogeneous tails, and the end of the 'Inverted-U': the share of the rich is what it's all about" (PDF). Cambridge Working Papers in Economics (CWPE) 1111. Cambridge University. Retrieved 1 May 2024.
  4. ^ https://uncounted.org/palma/
  5. ^ Matthews, Dylan (2013) The global upper class makes 32 times as much as the global lower class, Washington Post, September 26, 2013
  6. ^ Alex Cobham; Andy Sumner (1 May 2024). "Putting the Gini Back in the Bottle? 'The Palma' as a Policy-Relevant Measure of Inequality" (PDF). King's International Development Institute. King's College London. Archived from the original (PDF) on 23 April 2013. Retrieved 14 January 2019.
  7. ^ https://hd-ca.org/videos/plenary-4-what-went-wrong-with-european-social-democracy-on-building-a-debilitating-capitalism-where-even-the-welfare-state-subsidises-greater-market-inequality