The question of who benefits from economic growth is usually assessed by using cross section data to calculate changes in income inequality. An alternative is to assess patterns of panel income changes. We derive theoretical conditions reconciling changes in inequality together with various...

The living standard of the least well-off members of society - industrialized or not - is of public policy and ethical interest. One way to examine differences between societies in this respect is to study the extent and severity of income poverty between countries and over time. While poverty...