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While the Philippines has had a new economic growth trajectory in recent years, the country has had little progress in reducing poverty and in making growth more inclusive. This paper examines trends in macroeconomic statistics, and the progress government has had in its Philippine Development...
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This paper analyses a newly constructed individual level dataset of every English death and probate from 1892-2016. The estimated top wealth shares match closely existing estimates. However, this analysis clearly shows that the 20th century's `Great Equalization' of wealth stalled in...
Persistent link: https://www.econbiz.de/10012895049
Turkey's poverty reduction performance in the 2000s has been remarkably consistent. Extreme and moderate poverty have fallen considerably since 2003. Between 2002 and 2011, extreme poverty fell from 13 percent to 5 percent, while moderate poverty halved from 44 percent to 22 percent...
Persistent link: https://www.econbiz.de/10012973338
The paper uses a combination of micro-level datasets to document the rise of income polarization - what some have referred to as the 'hollowing out' of the income distribution - in the United States, since the 1970s. While in the initial decades more middle-income households moved up, rather...
Persistent link: https://www.econbiz.de/10012977856
Data show that middle-income households have continued moving down, and less so up, the income distribution in the United States since the 1970s-a phenomenon that is often referred to as the polarization or 'hollowing out' of the income distribution. While the level of income polarization is...
Persistent link: https://www.econbiz.de/10012928625
This note, working from the basis of the author's prior paper, argues that the relatively high consumption standard associated with American "middle classness" was defined by the requirements of providing a household a minimum of comfort, mobility, security and economic opportunity in a context...
Persistent link: https://www.econbiz.de/10013220348