Showing 1 - 10 of 17
The authors test how well consumption is insured against income risk in a panel of sampled households in rural China. They estimate the risk insurance models by Generalized Method of Moments, treating income and household size as endogenous. Insurance exists for all wealth groups, although the...
Persistent link: https://www.econbiz.de/10005079724
income shock is appreciably slower for the poor than for others. They also find that current inequality reducesfuture growth … in mean incomes, though the"growth cost"of inequality appears to be small. The maximum contribution of inequality is …
Persistent link: https://www.econbiz.de/10005079964
The unevenness of the rise in rural living standards in the various states of India since the 1950s allowed the authors to study the causes of poverty. They modeled the evolution of average consumption and various poverty measures using pooled state-level data for 1957-91. They found that...
Persistent link: https://www.econbiz.de/10005080065
In theory, it is possible that the persistent poverty that has emerged in many transition economies, is attributable to underlying, non-convexities in the dynamics of household incomes - such that a vulnerable household will never recover from a sufficiently large, but short-lived shock to its...
Persistent link: https://www.econbiz.de/10005128740
-93, though experiences differed across regions and countries. There was no general tendency for inequality or polarization to …
Persistent link: https://www.econbiz.de/10005128755
different incomes are not equally likely to participate. They discuss poverty and inequality measurement implications for … monotonically as income rises. Correcting for non-response appreciably increases mean income and inequality, but has only a small …
Persistent link: https://www.econbiz.de/10005128809
household-level data imposing minimum aggregation. The authors find negligible impacts on inequality and poverty in the …
Persistent link: https://www.econbiz.de/10005128962
It seems natural to expect the rich to oppose policies to redistribute income from the rich to the poor, and the poor to favor such policies. But this may be too simple a model, say the Authors. Expectations of future welfare may come into play. Well-off people on a downward trajectory may well...
Persistent link: https://www.econbiz.de/10005129067
Paradoxically, when economists analyze a policy's impact on welfare they typically assume that people are the best judges of their own welfare, yet resist directly asking them if they are better off. Early ideas of"utility"were explicitly subjective, but modern economists generally ignore...
Persistent link: https://www.econbiz.de/10005129165
Do the poor face the same prospects for escaping poverty in high-inequality developing countries as in low-inequality … countries? Is it possible for inequality to be so great as to stifle prospects of reducing absolute poverty, even when other … distribution does affect how much the poor share in rising average incomes. Higher initial inequality tends to reduce growth …
Persistent link: https://www.econbiz.de/10005134154