Click here for search results
Inequality is bad for growth of the poor (but not for that of the rich)
 
Author:van der Weide, Roy; Milanovic, Branko; Collection Title:Policy Research working paper ; no. WPS 6963Paper is funded by the Knowledge for Change Program (KCP)
Country:World; Date Stored:2014/07/02
Document Date:2014/07/01Document Type:Policy Research Working Paper
SubTopics:Achieving Shared Growth; Inequality; Services & Transfers to Poor; Equity and Development; Poverty Impact EvaluationLanguage:English
Region:The World RegionReport Number:WPS6963
Volume No:1 of 1  

Summary: The paper assesses the impact of overall inequality, as well as inequality among the poor and among the rich, on the growth rates along various percentiles of the income distribution. The analysis uses micro-census data from U.S. states covering the period from 1960 to 2010. The paper finds evidence that high levels of inequality reduce the income growth of the poor and, if anything, help the growth of the rich. When inequality is deconstructed into bottom and top inequality, the analysis finds that it is mostly top inequality that is holding back growth at the bottom.

Official Documents
Official, scanned versions of documents (may include signatures, etc.)
File TypeDescriptionFile Size (mb)
PDF 40 pagesOfficial version*2.8 (approx.)
TextText version**
How To Order

* The official version is derived from scanning the final, paper copy of the document and is the official,
archived version including all signatures, charts, etc.
** The text version is the OCR text of the final scanned version and is not an accurate representation of the final text.
It is provided solely to benefit users with slow connectivity.



Permanent URL for this page: http://go.worldbank.org/226ZNHNME0