Publication:
What Data-Rich Assessments of Socioeconomic Inequality and Mobility in Rich Countries Overlook in Poor Countries

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dc.contributor.authorVan Der Weide, Roy
dc.contributor.authorWoolcock, Michael
dc.date.accessioned2024-08-27T15:46:50Z
dc.date.available2024-08-27T15:46:50Z
dc.date.issued2024-08-27
dc.description.abstractAdvances in the scale and sophistication of individual income data compiled across high-income countries have enabled researchers to measure inequality and intergenerational mobility at a highly granular level and over long periods of time. The edited volume Measuring Distribution and Mobility of Income and Wealth (Chetty et al (2022), comprising 23 empirically rich studies, provides a comprehensive stocktaking of the recent empirical evidence. This paper reviews the volume’s key findings obtained for high-income countries and raises several questions that extend to low-income countries. What stands out is that income and wealth inequality are increasing, while intergenerational mobility is declining, across most high-income countries. This begs the following questions. Is the Kuznets curve due for a revision How can countries achieve (and maintain) higher levels of socioeconomic mobility as they develop To what extent do inequality and mobility trajectories unfold in different ways for countries at varying levels of economic development How and why do certain subgroups within societies consistently remain at the bottom of the income distribution Finally, what policy measures that redress inequality and enhance mobility are likely to be both more effective and politically supportableen
dc.identifierhttp://documents.worldbank.org/curated/en/099729308262432444/IDU1d6f2d07214f3d14a4c18f8a16a8d916c915b
dc.identifier.doi10.1596/1813-9450-10880
dc.identifier.urihttps://hdl.handle.net/10986/42096
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesPolicy Research Working Paper; 10880
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectINEQUALITY
dc.subjectMOBILITY
dc.subjectMEASUREMENT
dc.subjectINCOME DISTRIBUTION
dc.subjectSOCIOECONOMIC MOBILITY
dc.subjectDECENT WORK AND ECONOMIC GROWTH
dc.subjectSDG 8
dc.titleWhat Data-Rich Assessments of Socioeconomic Inequality and Mobility in Rich Countries Overlook in Poor Countriesen
dc.typeWorking Paper
dspace.entity.typePublication
okr.date.disclosure2024-08-27
okr.date.lastmodified2024-08-26T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099729308262432444/IDU1d6f2d07214f3d14a4c18f8a16a8d916c915b
okr.guid099729308262432444
okr.identifier.docmidIDU-d6f2d072-4f3d-4a4c-8f8a-6a8d916c915b
okr.identifier.doi10.1596/1813-9450-10880
okr.identifier.doihttps://doi.org/10.1596/1813-9450-10880
okr.identifier.externaldocumentum34381605
okr.identifier.internaldocumentum34381605
okr.identifier.reportWPS10880
okr.import.id5165
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099729308262432444/pdf/IDU1d6f2d07214f3d14a4c18f8a16a8d916c915b.pdfen
okr.region.geographicalWorld
okr.topicMacroeconomics and Economic Growth::Income
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicPoverty Reduction::Inequality
okr.unitDevelopment Research Group (DECRG)
relation.isAuthorOfPublication308bc33f-78ef-5a29-aa2c-92ee4e71a953
relation.isAuthorOfPublication.latestForDiscovery308bc33f-78ef-5a29-aa2c-92ee4e71a953
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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