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Do Middle Classes Bring Institutional Reforms?
Loayza, Norman; Rigolini, Jamele; Llorente, Gonzalo - Institute for the Study of Labor (IZA) - 2012
-country panel dataset containing detailed information on the distribution of income and expenditures. When the size of the middle … class increases (measured as the proportion of people with income above 10 US Dollars a day in PPP terms), social policy on …
Persistent link: https://www.econbiz.de/10011279274
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Adaptation to Poverty in Long-Run Panel Data
Clark, Andrew E.; D'Ambrosio, Conchita; Ghislandi, Simone - Institute for the Study of Labor (IZA) - 2014
We consider the link between poverty and subjective well-being, and focus in particular on potential adaptation to poverty. We use panel data on almost 54,000 individuals living in Germany from 1985 to 2012 to show first that life satisfaction falls with both the incidence and intensity of...
Persistent link: https://www.econbiz.de/10011094087