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paper examines correlates of unprecedented increases in inequality registered by most of the economies. The analysis shows … (mostly consisting of privatization and higher fees) are responsible for the pro-inequality effect; small-scale privatization … spending as share of gross domestic income reduces inequality. …
Persistent link: https://www.econbiz.de/10005141840
The majority of economic decisions taken by individuals are forward looking and thus involve their expectations of future outcomes. Understanding the expectations that individuals have is thus of crucial importance to designing and evaluating policies in health, education, finance, migration,...
Persistent link: https://www.econbiz.de/10005079997
This paper proposes that individuals care about the relative income of proximate reference groups. Making use of self-reported life satisfaction as a proxy for unobservable utility, the relative income of siblings is tested for relevance as a reference point for new sample data from Venezuela....
Persistent link: https://www.econbiz.de/10005133487
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/10005141919
. Inequality between global citizens is estimated at 70 Gini points rather than 65 as before. The richest decile receives 57 …
Persistent link: https://www.econbiz.de/10008512546
This paper presents a new methodology to measure inequality that optimally combines household survey information and …
Persistent link: https://www.econbiz.de/10011252713
The economic debate on existence and definition of the middle class has become particularly lively in many developing countries. Despite this growing interest, the identification of the middle class group in these countries remains quite challenging. Building on a recently developed framework to...
Persistent link: https://www.econbiz.de/10011202210
and Public Policy -- provides a critical review of the economic literature on equality and inequality of opportunity. A … principle are presented, and the tensions between them are discussed. Different approaches to the measurement of inequality of …
Persistent link: https://www.econbiz.de/10011206983
This paper presents a detailed picture of how sustained growth in Egypt over 2005-2008 affected different groups both above and below the poverty line. This analysis, based on the Household Income, Expenditure and Consumption Panel Survey conducted by Egypt’s national statistical agency,...
Persistent link: https://www.econbiz.de/10008861966
Economic development is a process of continuous industrial and technological upgrading in which any country, regardless of its level of development, can succeed if it develops industries that are consistent with its comparative advantage, determined by its endowment structure. The secret winning...
Persistent link: https://www.econbiz.de/10009143719