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Is There a Kuznets Curve?

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Figure

Table 1: Fixed Effect Inequality Trend  Gini coefficient  ln(GDP per capita)  -2.173  (0.62)  ln(GDP per capita) 2 0.135  (0.68)  Constant  44.981  (2.93)**  R 2 0.00  N  852  * p<0.05; ** p<0.01
Figure 1: Inequality Data from Kuznets (1955)  India Ceylon PuertoRico SaxonyPrussia United Kingdom (richest 15%) United States
Figure 4: Quadratic Fit of Inequality in a Cross Section of  Countries without a Logarithmic Scale
Figure 5: Spurious Kuznets Curve Due to Level Effects
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