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InequalityReport
2026CoordinatedbyLucasChancelRicardoGómez-Carrera(Lead
Author)
Rowaida
MoshrifThomasPikettyWorldForewordbyJayatiGhoshJosephE.StiglitzNEQUA
TYThis
reportdrawson
recent
researcharticles
written
by:FacundoAlvaredo;
MarieAndreescu;
ManuelArias-Osorio;
Luis
Bauluz;
Nitin
Bharti;Thomas
Blanchet;
Philipp
Bothe;
Pierre
Brassac;JuliaCagé;
Lucas
Chancel;
Mauricio
De
Rosa;Jonas
Dietrich;
Dima
El
Hariri;
Matthew
Fisher-Post;Ignacio
Flores;Valentina
Gabriel
li;AmoryGethin;
Ricardo
Gómez-Carrera;Sehyun
Hong;
Thanasak
MarkJenmana;
Romaine
Loubes;Clara
Martínez-Toledano;Zhexun
Mo;
Cornelia
Mohren;
Marc
Morgan;
Rowaida
Moshrif;Stella
Muti;Theresa
Neef;
Gastón
Nievas;Moritz
Odersky;Thomas
Piketty;Anne-Sophie
Robilliard;
Emmanuel
Saez;Alice
Sodano;Anmol
Somanchi;
LiYang;
Gabriel
Zucman;ÁlvaroZúñiga-CorderoThe
reportalsodrawson
theextensiveworkof
researchersassociatedwoththeWorld
Inequality
Lab
availableathttps://inequalitylab.world/en/team/and
https://wid.world/team/Translationteamforthe
ExecutiveSummary:
Pierre
Brassac;
Dima
El
Hariri;
RicardoGómez-Carrera;
Sehyun
Hong;
Enes
Isik;Thanasak
MarkJenmana;Zhexun
Mo;Cornelia
Mohren;
Rowaida
Moshrif;
Daniel
Sanchez-Ordonez;
MartaSanduliak;Anmol
Somanchi;Theo
PalomoEditing:Philip
DinesGraham
FranklandWorld
Inequality
Lab,
2025Creative
Commons
Licence:
WorldInequalityReport2026,
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prohibitedtotranslate,transfer,or
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without
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permissionof
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publishers.Howto
citethis
report:
Chancel,
L.,
Gómez-Carrera,
R.,
Moshrif,
R.,
Piketty,T.,
et
al.
WorldInequality
Report2026,World
Inequality
Lab.
wir2026
.wid.worldThis
report
hasadedicatedwebsite.
Explore
it:
wir2026
.wid.worldCoordinated
by:Lucas
ChancelRicardo
Gómez-Carrera
Rowaida
MoshrifThomas
PikettyLeadauthor:Ricardo
Gómez-CarreraResearchteam:MaríaJosé
PozosDaniel
Sanchez-OrdonezDatacoordinator:Rowaida
MoshrifStatistical
methodscoordinator:Ignacio
FloresDatateam:Manuel
Arias-OsorioIgnacio
FloresRowaida
MoshrifGastón
NievasAnaVan
Der
ReeCommunication
manager:
Alice
FauvelReportdesign:Ricardo
Gómez-CarreraWebsiteandcoverdesign:
Dataviz
CentricWethank
our
colleagueswho
provided
inputs
andfeedback
on
preliminaryversions
of
the
report:
MarieAndreescu,
ManuelArias-Osorio,Luis
Bauluz,Pierre
Brassac,Julia
Cagé,
AliceFauvel,
Valentina
Gabriel
li,
Amory
Gethin,RomaineLoubes,ClaraMartínez-Toledano,CorneliaMohren,
TheresaNeef,GastónNievas,TheoPalomo,Quentin
Parrinello,
Anne-SophieRobilliard,
Giulia
Varaschin,
Gabriel
Zucman,andÁlvaroZúñiga-Cordero.Thisreportbenefitedfromthesupportofthe
United
Nations
Development
Programme,theWorld
Inequality
Lab,andthe
EuropeanUnionunderthe
Horizon2020WISEgrant(#101095219)andthe
ERCSynergy
DINA
grant
(#856455).
The
views
expressed
in
this
report
do
not
necessarily
reflect
those
of
the
United
Nations
Development
Programmeorother
partner
institutions.ContentsContents
3Foreword
7ExecutiveSummary
10Box
1:
Highlights
from
the
World
Inequality
Report2026
(WIR
2026)
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.10The
world
is
extremely
unequal
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.12Inequality
and
climate
change
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.12Gender
inequality
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.13Inequality
between
regions
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.13Redistribution,
taxation,
and
evasion
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.15Inequality
due
to
the
global
financial
system
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.16Political
cleavages
and
democracy
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.17Policy
directions
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.18Conclusion
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.20Introduction
301Global
Economic
Inequality
33The
world
is
becoming
richer,
but
unequally
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.35Understanding
inequality
through
population
groups
...
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.35Extreme
and
rising
income
inequality
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36Wealth
inequality
is
larger,
more
extreme,
and
rising
faster
...
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.38Two
centuries
of
persistent
and
extreme
income
inequality
...
...
...
...
.
..
.
..
.40Regional
inequality
is
stark
both
across
and
within
regions
.
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.42Main
takeaways
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.44Box
1.1:
Regions
used
in
the
WorldInequalityReport2026
.
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.48Box
1.2:
The
Inequality
Transparency
Index
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.492Regional
Income
Inequality
51Global
and
regional
shifts
in
income
and
population
since
1800
..
.
..
.
..
..
.
..
.
..53Income
inequality
across
the
world
in
2025
..
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.55Income
inequality
within
regions
in
2025
.
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.56Income
inequality
within
countries
in
2025
..
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.59The
role
of
redistribution
in
reducing
income
inequality
...
.
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.62Main
takeaways
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.64Box
2.1:
Country
rankingsfor
large
countriesaccordingto
per
capita
nationalincome
..
.
.68Box
2.2:
Country
rankings
according
to
per
capita
national
income
....
.
..
.
..
.
..
.693RegionalWealth
Inequality
73Wealth
inequality
trends
across
regions
..
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.75Private
wealth
is
rising
while
public
wealth
stagnates
...
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.78The
world
distribution
of
wealth
by
region
..
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.80Country-by-country
patterns
of
wealth
concentration
....
.
..
.
..
.
..
..
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.83Main
takeaways
.
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.844
Gender
Inequality
89Humanityworksfewer
hours,
butthe
benefitsare
unequal
acrossgenders
.
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.91Female
labor
income
shares
remain
well
below
equality
.
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.92Womenwork
more
hourseverywhere.
Thegendergap
is
largerthan
we
previously
thought
.93Women
are
employed
less
than
men
.
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.94Employed
women
earn
less
than
employed
men
...
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.95The
role
of
education
in
improving
the
gender
gap
..
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.96Main
takeaways
.
.
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1005Exorbitant
Privilege
102The
U.S.
exorbitant
privilege
has
evolved
intoa
structural
privilege
ofthe
richworld
...
.
.
104Rich
countriesareglobal
financialrentiers
by
political
design,
not
because
of
market
dynamics
105Barriers
for
reducing
inequality
across
countries
.
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106Needfor
reforms
inthe
international
financial,trade,and
monetary
systems
....
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107Main
takeaways
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108Box
5.1:
Exorbitant
duty
is
not
so
exorbitant
..
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1136Climate,aCapital
Problem
115The
carbon
footprint
of
capital
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117Decarbonizing
at
home,
burning
fuels
abroad?
..
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120Climate
changealreadyshapesthe
distribution
of
privateand
public
wealth
.
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120Climate
policy
and
the
future
distribution
of
wealth
..
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122Main
takeaways
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1247GlobalTaxationof
Multi-Millionaires
128Why
progressive
taxation
matters
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130Regressivity
at
the
top
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131Safeguarding
progressivity
at
the
top
..............................
132Tax
justice
and
the
potential
of
a
global
wealth
tax
.
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133Coordinationbetweencountriesstrengthensthefeasibilityofreducingtaxevasionandavoidance
..
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135Main
takeaways
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136Box
7.1:
Explore
the
Global
Wealth
TaxSimulator
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1408PoliticalCleavages
142Political
representation
of
the
working
class
is
low
and
declining
...
...
...
..
...
..
144Incomeand
education
divides
have
disconnected
inWestern
democracies
...
.
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.
144Non-Western
democracies
have
different
structures
of
political
division
...
.
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147The
return
ofgeography
in
political
conflict:
regional
and
rural–urban
cleavages
.
.
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.
148The
explanatory
power
of
geosocial
class
is
strongerthan
ever
...
.
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148Main
takeaways
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149Glossary
157Country-sheets
158Algeria
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....159Argentina
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160Australia
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161Bangladesh
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162Brazil
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.163Canada
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164Chile
.....
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.165China
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.166Colombia
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167Denmark
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168Egypt
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.169France
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171Hungary
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172India
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.173Indonesia
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174Iran
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.175Italy
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.176Ivory
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177Japan
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..179Netherlands
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180New
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181Niger
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.182Norway
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.183Pakistan
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184Philippines
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185Poland
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..186Russia
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.187South
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188South
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189Spain
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.190Sweden
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191Taiwan
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....192Thailand
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193Türkiye
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..194U.A.E
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.195United
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196United
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