What does WID mean in DATABASES
WID stands for World Inequality Database. It is a global initiative that provides data and research on economic inequality around the world. The database is maintained by a team of researchers at the Paris School of Economics and the University of California, Berkeley.
WID meaning in Databases in Computing
WID mostly used in an acronym Databases in Category Computing that means World Inequality Database
Shorthand: WID,
Full Form: World Inequality Database
For more information of "World Inequality Database", see the section below.
What is the World Inequality Database?
The World Inequality Database collects and analyzes data on income and wealth distribution from around the world. The database includes data from over 100 countries, covering more than 90% of the world's population. The data is collected from a variety of sources, including household surveys, tax records, and national accounts.
How is the World Inequality Database used?
The World Inequality Database is used by researchers, policymakers, and journalists to study economic inequality. The database has been used to produce a number of important findings, including:
- The richest 1% of the world's population owns more than 40% of the world's wealth.
- The gap between the rich and the poor has been growing in recent decades.
- Economic inequality is a major driver of social and economic problems, such as poverty, crime, and political instability.
Essential Questions and Answers on World Inequality Database in "COMPUTING»DB"
What is the World Inequality Database (WID)?
The World Inequality Database (WID) is a comprehensive database that collects and analyzes data on global income and wealth inequality. It provides researchers, policymakers, and the general public with access to high-quality data on income and wealth distribution in over 160 countries.
Why is the WID important?
The WID provides a valuable resource for understanding the extent and evolution of income and wealth inequality around the world. It allows researchers to track changes in inequality over time and to compare the levels of inequality across different countries. The data in the WID can help policymakers design evidence-based policies to address inequality and promote greater social justice.
What types of data does the WID collect?
The WID collects data on a wide range of income and wealth indicators, including:
- Income shares of different population groups
- Wealth shares of different population groups
- Gini coefficients
- Palma ratios
- Top income and wealth shares
The data is collected from a variety of sources, including household surveys, tax records, and national accounts.
How is the WID data used?
The WID data is used by researchers, policymakers, and the general public to:
- Track changes in inequality over time
- Compare levels of inequality across different countries
- Identify the factors that contribute to inequality
- Design policies to address inequality
The data has been used in a wide range of studies on inequality, including research on the impact of globalization, technological change, and tax policies on inequality.
How can I access the WID data?
The WID data is available for download on the WID website. The data is available in a variety of formats, including Excel, CSV, and Stata.
Final Words: The World Inequality Database is a valuable resource for anyone who wants to understand economic inequality. The database provides comprehensive data on income and wealth distribution from around the world. This data can be used to study the causes and consequences of inequality, and to develop policies to reduce it.
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