Person:
Olivieri, Sergio

Global Practice on Poverty, The World Bank
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Fields of Specialization
Poverty and growth, Poverty measurement, Distributional impact of shocks, Labor informality, Inequality, Social Protection and Labor
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Global Practice on Poverty, The World Bank
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Last updated: June 28, 2024
Biography
Sergio Olivieri is an economist in the Poverty Reduction and Equity department of the World Bank, based in Washington, DC.  His main research areas are ex-ante analysis of the distributional impact of macroeconomic shocks, understanding the main channels through which economic growth affects poverty reduction, income distribution and multidimensional poverty. Olivieri has published articles about labor informality, polarization, mobility and inequality issues, most of them focused on Latin-American countries. He has also contributed to research reports on inequality, poverty, social cohesion and macroeconomic shocks. Before joining the Bank, Olivieri worked as a consultant for the Inter-American Development Bank, the United Nation Development Program and the European Commission. He has taught courses on micro-simulation and micro-decomposition techniques for public servants and staff in international organizations around the world. He has also worked as an assistant professor of labor economics in the Department of Economics of Universidad National de La Plata in Buenos Aires, and as a researcher in the university's Center of Distributional, Labor and Social Studies.
Citations 5 Scopus

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Housing, Imputed Rent, and Households' Welfare

2019-08, Ceriani, Lidia, Olivieri, Sergio, Ranzani, Marco

Housing is the largest durable good consumed by households. As such, any consumption-based measure of welfare, to be comprehensive, must include the value of the flow of services households derive from their dwellings, the so-called imputed rent. However, estimating imputed rents is a daunting task, which researchers and practitioners tend to overlook. This paper is the first attempt to assess the distributional impact of including housing in the welfare aggregate; the paper tests two estimation methods and analyzes four developing countries. The distributional impact cannot be predicted a priori, and evidence suggests it is context and method specific. Although changes in poverty and inequality are always statistically significant, they are only occasionally larger than one percentage point. By contrast, shared prosperity exhibits sizable changes, which might also determine international re-rankings. Albeit the inclusion of imputed rents reshuffles the set of poor households, observed changes in the socioeconomic profiling of the poor are unlikely to affect pro-poor policy design.