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Inequality in Latin America : Determinants and Consequences

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dc.contributor.author Lopez, J. Humberto
dc.contributor.author Perry, Guillermo
dc.date.accessioned 2012-05-24T18:13:57Z
dc.date.available 2012-05-24T18:13:57Z
dc.date.issued 2008-02
dc.identifier.uri http://hdl.handle.net/10986/6368
dc.description.abstract Latin America is together with Sub-Saharan Africa the most unequal region of the world. This paper documents recent inequality trends in the Latin American region, going beyond traditional measures of income inequality. The paper also reviews some of the explanations that have been put forward to understand the current situation, and discusses why reducing income inequality should be an important policy priority. In particular, the authors discuss channels through which inequality can affect growth and output volatility. On the whole, the analysis suggests a two-pronged approach to reduce inequality in the region that combines policies aimed at improving the distribution of assets (especially education) with elements aimed at improving the capacity of the state to redistribute income through taxes and transfers. en
dc.language English
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries Policy Research Working Paper; No. 4504
dc.rights CC BY 3.0 IGO
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject EMPIRICAL RESULTS
dc.subject EXTERNAL CONDITIONS
dc.subject POVERTY DATA
dc.subject LABOR MARKETS
dc.subject AGRICULTURAL LAND
dc.subject INCOME VOLATILITY
dc.subject GOVERNMENT CONSUMPTION
dc.subject DEMAND SIDE
dc.subject PURCHASING POWER PARITY
dc.subject LEVEL OF INCOME
dc.subject ANNUAL INFLATION
dc.subject LOWERING GROWTH RATES
dc.subject LOG NORMAL
dc.subject MARKET INCOME
dc.subject POVERTY LINES
dc.subject DEPENDENT VARIABLE
dc.subject SERIAL CORRELATION
dc.subject INCOMES
dc.subject TARGETED TRANSFERS
dc.subject POLITICAL INSTABILITY
dc.subject HOUSEHOLD INCOME
dc.subject MARKET INCOMES
dc.subject PROPERTY RIGHTS
dc.subject PUBLIC ECONOMICS
dc.subject POLICY MAKERS
dc.subject INCOME DISTRIBUTION
dc.subject RELATIVE INCOME
dc.subject INCOME QUINTILES
dc.subject DISTORTION
dc.subject DEVELOPING WORLD
dc.subject EMPIRICAL MODEL
dc.subject RELATIVE PRICES
dc.subject HIGH GROWTH
dc.subject DEVELOPING COUNTRIES
dc.subject LOW INCOME
dc.subject POLICY RESEARCH
dc.subject AMERICAN DEVELOPMENT BANK
dc.subject OUTPUT VOLATILITY
dc.subject ASSET DISTRIBUTION
dc.subject POOR GROWTH
dc.subject INEQUALITY TRENDS
dc.subject STANDARD DEVIATION
dc.subject AMERICAN ECONOMIC REVIEW
dc.subject CAPITAL ACCUMULATION
dc.subject INFLATION RATES
dc.subject CORRELATION COEFFICIENT
dc.subject REGIONAL DEVELOPMENT
dc.subject EMPIRICAL LITERATURE
dc.subject 0 HYPOTHESIS
dc.subject TRADE OPENNESS
dc.subject HOUSEHOLD SURVEYS
dc.subject RURAL CONTRIBUTION
dc.subject PUBLIC INFRASTRUCTURE
dc.subject POVERTY HEADCOUNT
dc.subject GROWTH PERFORMANCE
dc.subject RECESSIONS
dc.subject INCOME INEQUALITY
dc.subject SIGNIFICANT CORRELATION
dc.subject AVERAGE INCOME
dc.subject MACROECONOMIC VOLATILITY
dc.subject POVERTY RATE
dc.subject GROWTH INCOME
dc.subject LAGGED DEPENDENT
dc.subject POVERTY REDUCTION
dc.subject INCOME GROUPS
dc.subject WAR
dc.subject NEGATIVE SIGN
dc.subject NEGATIVE EFFECT
dc.subject PRIVATE SECTOR
dc.subject INCOME GROWTH
dc.subject DISPOSABLE INCOME
dc.subject INCOME SHOCKS
dc.subject LONG-RUN GROWTH
dc.subject OPPORTUNITY COST
dc.subject SOCIAL ASSISTANCE
dc.subject INEQUALITY COUNTRIES
dc.subject FEDERAL RESERVE BANK
dc.subject SOCIAL MOBILITY
dc.subject AGGREGATE INVESTMENT
dc.subject ASSET INEQUALITY
dc.subject HOUSEHOLD FACTORS
dc.subject STABILIZATION POLICY
dc.subject NUTRITION
dc.subject MORTALITY RATES
dc.subject INTEREST RATES
dc.subject PER CAPITA GROWTH
dc.subject CONSUMER PRICE
dc.subject LOG-NORMAL DISTRIBUTION
dc.subject ECONOMIC STUDIES
dc.subject POOR HOUSEHOLDS
dc.subject SIGNIFICANT NEGATIVE
dc.subject GROWTH RATES
dc.subject LIBERALIZATION
dc.subject PER CAPITA INCOME
dc.subject ABSOLUTE POVERTY
dc.subject SOCIAL CONFLICT
dc.subject EXTERNAL SHOCK VARIABLE
dc.subject HUMAN CAPITAL
dc.subject INSURANCE
dc.subject CREDIT CONSTRAINT
dc.subject POVERTY LINE
dc.subject HOUSEHOLD INCOMES
dc.subject SIGNIFICANT DIFFERENCES
dc.subject PUBLIC SECTOR
dc.subject POWER PARITY
dc.subject INFLATION LEVELS
dc.subject IMPACT OF INEQUALITY
dc.subject NEGATIVE IMPACT ON GROWTH
dc.subject ECONOMETRIC MODEL
dc.subject MONETARY POLICY
dc.subject DISTRIBUTIONAL IMPACT
dc.subject WELFARE INDICATORS
dc.subject MACROECONOMICS
dc.subject INFANT MORTALITY
dc.subject INCOME LEVELS
dc.subject UNEMPLOYMENT
dc.subject WEALTH
dc.subject INCOME REDISTRIBUTION
dc.subject ECONOMIC RESEARCH
dc.subject NATIONAL CONTEXT
dc.subject EXTERNAL SHOCK
dc.subject MEASUREMENT PROBLEMS
dc.subject INTERNATIONAL POVERTY LINES
dc.subject CONSUMER PRICE INDEX
dc.subject NEGATIVE IMPACT
dc.subject POOR
dc.subject POLITICAL ECONOMY
dc.subject POOR PEOPLE
dc.subject PUBLIC TRANSFERS
dc.subject DISPOSABLE INCOME INEQUALITY
dc.subject INFLATION RATE
dc.subject RURAL
dc.subject GINI COEFFICIENT
dc.subject HIGH INEQUALITY COUNTRIES
dc.subject GLOBAL ECONOMY
dc.subject GROWTH PROSPECTS
dc.subject REDUCING INEQUALITY
dc.subject GOVERNMENT SPENDING
dc.subject PURCHASING POWER
dc.subject AVERAGE GROWTH RATE
dc.subject ECONOMIC GROWTH
dc.subject INEQUALITY
dc.subject BUSINESS CYCLES
dc.subject ANNUAL CHANGE
dc.subject REGRESSION RESULTS
dc.subject AVERAGE GROWTH
dc.subject HOUSEHOLD WELFARE
dc.subject INEQUALITY LEVELS
dc.subject GROSS INCOME
dc.subject HIGHER INEQUALITY
dc.subject DEVELOPMENT ECONOMICS
dc.subject PRICE STABILITY
dc.subject POOR FAMILIES
dc.subject INCOME RISK
dc.subject GROWTH ELASTICITY
dc.subject ANNUAL GROWTH
dc.subject INCOME DIFFERENCES
dc.subject LINK BETWEEN VOLATILITY
dc.subject HIGHER VOLATILITY
dc.subject FINANCIAL MARKETS
dc.subject AMERICAN ECONOMIC ASSOCIATION
dc.subject DIFFERENCES IN INCOME
dc.subject IMPACT ON POVERTY
dc.subject GROWTH VOLATILITY
dc.subject FINANCIAL DEVELOPMENT
dc.subject DEVELOPED COUNTRIES
dc.subject MARKET INCOME INEQUALITY
dc.subject ABSOLUTE VALUE
dc.subject HIGH INCOME
dc.subject GROWTH RATE
dc.subject INCOME
dc.subject CORRELATION COEFFICIENTS
dc.subject HIGH INEQUALITY
dc.subject HIGH INCOME INEQUALITY
dc.subject MEDIAN VOTER
dc.subject ECONOMIC REVIEW
dc.subject EXTERNAL SHOCKS
dc.subject HIGH CONCENTRATION
dc.subject INEQUALITY INDICATORS
dc.subject INEQUALITY MEASURES
dc.subject FISCAL POLICY
dc.subject PUBLIC EXPENDITURES
dc.subject CASH TRANSFERS
dc.subject REDISTRIBUTIVE POLICIES
dc.subject INTERGENERATIONAL MOBILITY
dc.subject LEVEL OF DEVELOPMENT
dc.subject INCOME DATA
dc.subject BUSINESS CYCLE
dc.subject LAND INEQUALITY
dc.subject FLUCTUATIONS
dc.subject FACTOR ENDOWMENTS
dc.subject POLITICAL PARTICIPATION
dc.subject POOR PARENTS
dc.subject DIFFERENTIAL PATHS
dc.subject MONEY GROWTH
dc.subject RURAL AREAS
dc.subject POVERTY LEVELS
dc.subject MACROECONOMIC POLICY
dc.subject POLICY IMPLICATIONS
dc.subject DISTRIBUTIVE POLITICS
dc.subject NORMAL DISTRIBUTION
dc.subject CONSUMPTION GROWTH
dc.subject DEVELOPED WORLD
dc.subject PUBLIC SPENDING
dc.subject LONG-TERM GROWTH
dc.subject POLITICAL INSTITUTIONS
dc.subject LIFE EXPECTANCY
dc.title Inequality in Latin America : Determinants and Consequences en
dc.rights.holder World Bank


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