Showing 1 - 10 of 37
This paper studies the growth effects of externalities associated with intergenerational health transmission, health …
Persistent link: https://www.econbiz.de/10011394786
Persistent link: https://www.econbiz.de/10014437727
Interactions between knowledge and health are studied in a three-period overlapping generations model with health … rearing. Growth dynamics depend in important ways on the externalities associated with knowledge and health. Depending on the … strength of these externalities, increases in government spending on education or health (financed by a cut in unproductive …
Persistent link: https://www.econbiz.de/10012156107
"The "developing world's middle class" is defined here as those who are not poor when judged by the median poverty line of developing countries, but are still poor by US standards. The "Western middle class" is defined as those who are not poor by US standards. Although barely 80 million people...
Persistent link: https://www.econbiz.de/10011394110
"Prevailing measures of relative poverty put an implausibly high weight on relative deprivation, such that measured poverty does not fall when all incomes grow at the same rate. This stems from the (implicit) assumption in past measures that very poor people incur a negligible cost of social...
Persistent link: https://www.econbiz.de/10011394138
We are not seeing faster progress against poverty amongst the poorest developing countries. Yet this is implied by widely accepted "stylized facts" about the development process. The paper tries to explain what is missing from those stylized facts. Consistently with models of economic growth...
Persistent link: https://www.econbiz.de/10011394268
Development aid and policy discussions often assume that poorer countries have less internal capacity for redistribution in favor of their poorest citizens. The assumption is tested using data for 90 developing countries. The capacity for redistribution is measured by the marginal tax rate on...
Persistent link: https://www.econbiz.de/10011394340
Against what standards should we judge the developing world's overall performance against poverty going forward? The paper proposes two measures, each with both "optimistic" and "ambitious" targets for 2022, 10 years from the time of writing. The first measure is absolute consumption poverty, as...
Persistent link: https://www.econbiz.de/10011395490
While the 2008 financial crisis is global in nature, it is likely to have heterogeneous welfare impacts within the developing world, with some countries, and some people, more vulnerable than others. It also threatens to have lasting impacts for some of those affected, notably through the...
Persistent link: https://www.econbiz.de/10010520996
"The paper presents a major overhaul to the World Bank's past estimates of global poverty, incorporating new and better data. Extreme poverty-as judged by what "poverty" means in the world's poorest countries-is found to be more pervasive than we thought. Yet the data also provide robust...
Persistent link: https://www.econbiz.de/10010521056