Copyright WWZ and Helbing & Lichtenhahn Verlag AG 2003

Estimates of the elasticity of headcount poverty with respect to income suggested in many influential studies appear too high and imply a more important role for income-growth in poverty-reduction than is appropriate. Direct estimates based on aggregate data for several different periods are...

Kuznets' hypothesis, which relates income inequality in a country with its level of economic development, is extended to the world system, and it is hypothesized that intercountry (world) income inequality first increases with world economic growth, but starts declining after reaching a turning...