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Growth, inequality, and social welfare : cross-country evidence, Volume 1
 
Author:Dollar, David; Kleineberg, Tatjana; Kraay, Aart; Country:World;
Date Stored:2014/04/24Document Date:2014/04/01
Document Type:Policy Research Working PaperSubTopics:Achieving Shared Growth; Economic Theory & Research; Inequality; Economic Conditions and Volatility; Equity and Development
Language:EnglishMajor Sector:Public Administration, Law, and Justice
Rel. Proj ID:1W-Reforms And Growth -- -- P080834;Region:The World Region
Report Number:WPS6842Sub Sectors:Central government administration
Collection Title:Policy Research working paper ; no. WPS 6842Paper is funded by the Knowledge for Change Program (KCP)TF No/Name:TF012576-PHRD Staff Grant Support for Tomoko Wada; TF098053-KCPII - Industrial Policy in an Uncertain Environment; TF099120-KCP; TF099853-PHRD STAFF GRANT SUPPORT FOR TOMOKO WADA
Volume No:1  

Summary: Social welfare functions that assign weights to individuals based on their income levels can be used to document the relative importance of growth and inequality changes for changes in social welfare. In a large panel of industrial and developing countries over the past 40 years, most of the cross-country and over-time variation in changes in social welfare is due to changes in average incomes. In contrast, the changes in inequality observed during this period are on average much smaller than changes in average incomes, are uncorrelated with changes in average incomes, and have contributed relatively little to changes in social welfare.

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