with the likelihood of being middle class. The example of Colombia illustrates that, while growing in size, this income …

caught in a vicious circle. They lack sufficient access to education, credit and other means to generate income, so they earn … lower wages, which in turn prevents them from accumulating the assets they need to increase future income. The authors … analyze the ownership and use of income-generating assets, as well as access to them. Where there are market imperfections …

income persistence coefficients estimated with pseudo-panel data for Colombia, Ecuador, and Uruguay indicate that … indicate the direction of such mobility, the estimates of income differentials between entrepreneurs and non-entrepreneurs for …

into education groups to determine whether there are differences in saving behavior along the distribution of income. Third …

caught in a vicious circle. They lack sufficient access to education, credit and other means to generate income, so they earn … lower wages, which in turn prevents them from accumulating the assets they need to increase future income. The authors … analyze the ownership and use of income-generating assets, as well as access to them. Where there are market imperfections …