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Latin American Middle Classes: The Distance between Perception and Reality

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dc.contributor.author Lora, Eduardo en
dc.contributor.author Fajardo, Johanna en
dc.description.abstract The main contribution of this paper with respect to previous work is the use of data on subjective perceptions to identify the Latin American middle classes. This paper provides a set of comparisons between objective and subjective definitions of middle-class using data from the 2007 World Gallup Poll. Seven objective income-based definitions of social class are contrasted with a self-perceived social status measure. Mismatches between the objective and the subjective classification of social class are the largest when the objective definition is based on median incomes. Mismatches result from the fact that self-perceived social status is associated not just with income, but also with personal capabilities, interpersonal relations, financial and material assets, and perceptions of economic insecurity. Objective definitions of the middle class based on absolute incomes provide the lowest mismatches and the most accurate differentiation of the middle class from other classes. en
dc.subject Social Development en
dc.subject Income, Consumption & Saving en
dc.title Latin American Middle Classes: The Distance between Perception and Reality en
dc.identifier.jel D3 - Distribution en
dc.identifier.jel D6 - Welfare Economics en
dc.identifier.jel I3 - Welfare, Well-Being, and Poverty en
dc.contributor.other RES-DOCS-USER
dc.date.accessioned 2012-04-18T19:14:39Z
dc.date.available 2012-04-18T19:14:39Z
dc.date.created 2011-12-02
dc.date.issued 2011-12
dc.identifier.uri http://www.iadb.org/en/publications/publication-detail,7101.html?id=29099
dc.format.extent 38
dc.format.medium ACROBAT
dc.language.iso en
dc.relation.ispartof http://thesaurus.iadb.org/publicthesauri/22016878865796366841634
dc.subject Middle class, Social status, Income distribution
dc.type Working Papers
lacea.language.supported en
dc.date.modified 2016-12-01T16:54:18Z
dc.description.abstract2 The main contribution of this paper with respect to previous work is the use of data on subjective perceptions to identify the Latin American middle classes. This paper provides a set of comparisons between objective and subjective definitions of middle-class using data from the 2007 World Gallup Poll. Seven objective income-based definitions of social class are contrasted with a self-perceived social status measure. Mismatches between the objective and the subjective classification of social class are the largest when the objective definition is based on median incomes. Mismatches result from the fact that self-perceived social status is associated not just with income, but also with personal capabilities, interpersonal relations, financial and material assets, and perceptions of economic insecurity. Objective definitions of the middle class based on absolute incomes provide the lowest mismatches and the most accurate differentiation of the middle class from other classes.


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