Our objective in this paper is to assess how middle-income groups are faring with the global turn to the market. We suggest some simple measures of the middle-the size and income shares of households around the median (75/125%)-and their income status relative to wealthier counterparts. Our...

The literature on the economics of happiness in the developed economies finds discrepancies between reported measures of wellbeing and income measures. The ‘Easterlin paradox’, for example, shows that average happiness levels do not increase as countries grow wealthier. This article explores...

Our objective in this paper is to assess how middle-income groups are faring with the global turn to the market. We suggest some simple measures of the middle--the size and income share of households around the median (75/125%)--and their income status relative to wealthier counterparts. Our...

Editor's summary -- Competing concepts of inequality in the globalization debate Martin Ravallion -- Channels from globalization to inequality : productivity world versus factor world William Easterly -- Health in an age of globalization Angus Deaton -- Assessing the impact of globalization on...