probability using 1960–2015 cross-country data, focusing on the roles of income distribution or inequality and aging. It is found … the probability of a country escaping the middle income trap (MIT). A second contribution of this paper is to model this … that: (1) both the level of, and the change in, inequality are important drivers of MIT, with surprisingly large impacts …

particular interest to economists, namely income and wealth and (b) to discuss issues in relation to their use, in particular … with respect to missing data. We describe how the income and wealth data were collected. We assess the quality of the … income data by comparing them to those obtained through the European Union Statistics on Income and Living Conditions (EU …