Publication:
Shared Prosperity : Links to Growth, Inequality and Inequality of Ppportunity

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dc.contributor.authorNarayan, Ambar
dc.contributor.authorSaavedra-Chanduvi, Jaime
dc.contributor.authorTiwari, Sailesh
dc.date.accessioned2014-02-04T17:46:35Z
dc.date.available2014-02-04T17:46:35Z
dc.date.issued2013-10
dc.description.abstractFocusing on the welfare of the less well off as a measure of real societal progress is the fundamental principle underlying the WBG indicator of "shared prosperity", namely income growth of the bottom 40 percent in every country. This paper uses a database assembled by the World Bank Group to investigate some basic characteristics of shared prosperity, particularly its relationship with overall economic growth and inequality. Initial estimates using this dataset of 79 countries show that median income growth of the bottom 40 percent (circa 2005-2010) was 4.2 percent, a high number in comparison to the 3.1 percent per capita income growth of the overall population. In addition, the low and lower-middle income countries appear to be trailing the upper middle and high income countries in boosting shared prosperity. Establishing conceptual links between income growth of the bottom 40 percent, the overall growth rate and reviewing existing evidence on how these relate to inequality, the paper discusses two main ideas. First, shared prosperity is strongly correlated with overall prosperity implying that the whole host of policies that are important to generate and sustain growth remain relevant. Second, boosting shared prosperity will also require a concerted effort to strengthen the social contract, particularly in the area of promoting equality of opportunity. Growing evidence suggests that improving access for all and reducing inequality of opportunities -- particularly those related to human capital development of children -- are not only about "fairness" and building a "just society", but also about realizing a society's aspirations of economic prosperity.en
dc.identifierhttp://documents.worldbank.org/curated/en/2013/10/18376904/shared-prosperity-links-growth-inequality-inequality-opportunity
dc.identifier.doi10.1596/1813-9450-6649
dc.identifier.urihttps://hdl.handle.net/10986/16866
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 6649
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectABSOLUTE TERMS
dc.subjectADVERSE IMPACT
dc.subjectANNUAL CHANGE
dc.subjectANNUAL GROWTH
dc.subjectAVERAGE GROWTH
dc.subjectAVERAGE GROWTH RATE
dc.subjectAVERAGE INCOME
dc.subjectAVERAGE INCOME GROWTH
dc.subjectAVERAGE INEQUALITY
dc.subjectAVERAGE RATE
dc.subjectCHILD MORTALITY
dc.subjectCHRONIC MALNUTRITION
dc.subjectCLEAN WATER
dc.subjectCONFLICT
dc.subjectCONSUMPTION GROWTH
dc.subjectCOUNTRY INEQUALITY
dc.subjectCREDIT MARKET
dc.subjectCROSS-SECTION DATA
dc.subjectDATA AVAILABILITY
dc.subjectDECLINING INEQUALITY
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING WORLD
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT GOALS
dc.subjectDEVELOPMENT INDICATORS
dc.subjectDEVELOPMENT POLICY
dc.subjectDEVELOPMENT REPORT
dc.subjectDISADVANTAGED GROUPS
dc.subjectDISTRIBUTIVE POLITICS
dc.subjectDRINKING WATER
dc.subjectECONOMETRICS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC EFFICIENCY
dc.subjectECONOMIC FLUCTUATIONS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC INEQUALITY
dc.subjectECONOMIC OPPORTUNITIES
dc.subjectECONOMIC RESEARCH
dc.subjectECONOMIC REVIEW
dc.subjectECONOMIC SHOCKS
dc.subjectECONOMIC TRANSFORMATION
dc.subjectEDUCATION LEVEL
dc.subjectEMPIRICAL EVIDENCE
dc.subjectEMPIRICAL LITERATURE
dc.subjectEMPLOYMENT OPPORTUNITIES
dc.subjectEMPLOYMENT STATUS
dc.subjectEQUITABLE DISTRIBUTION
dc.subjectEXOGENOUS FACTORS
dc.subjectEXTREME POVERTY
dc.subjectGDP
dc.subjectGINI COEFFICIENT
dc.subjectGROWING ECONOMY
dc.subjectGROWTH EPISODES
dc.subjectGROWTH LITERATURE
dc.subjectGROWTH PATTERN
dc.subjectGROWTH PROCESS
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHIGH CORRELATION
dc.subjectHIGH INCOME COUNTRIES
dc.subjectHIGH INEQUALITY
dc.subjectHIGH UNEMPLOYMENT RATES
dc.subjectHIGHER INEQUALITY
dc.subjectHISTORICAL DATA
dc.subjectHOUSEHOLD CONSUMPTION
dc.subjectHOUSEHOLD DATA
dc.subjectHOUSEHOLD HEAD
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD INCOMES
dc.subjectHOUSEHOLD SURVEY
dc.subjectHOUSEHOLD SURVEYS
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN RIGHTS
dc.subjectIMPACT OF INEQUALITY
dc.subjectINCOME
dc.subjectINCOME DATA
dc.subjectINCOME DIFFERENCES
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME GAINS
dc.subjectINCOME GROUPS
dc.subjectINCOME GROWTH
dc.subjectINCOME INEQUALITY
dc.subjectINCOME QUINTILE
dc.subjectINCOME TRANSFERS
dc.subjectINCOME TRENDS
dc.subjectINCOMES
dc.subjectINDIVIDUAL COUNTRIES
dc.subjectINDUSTRIALIZED COUNTRIES
dc.subjectINEQUALITY
dc.subjectINEQUALITY COUNTRIES
dc.subjectINEQUALITY REDUCTION
dc.subjectINEQUALITY TRENDS
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectINTERNATIONAL POVERTY LINES
dc.subjectINVESTMENT CLIMATE
dc.subjectLABOR FORCE
dc.subjectLABOR INCOME
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLABOR PRODUCTIVITY
dc.subjectLONG RUN
dc.subjectLOW INCOME
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectMACROECONOMICS
dc.subjectMALNUTRITION
dc.subjectMARKET FAILURES
dc.subjectMEAN INCOME
dc.subjectMEAN INCOMES
dc.subjectMEASUREMENT ERRORS
dc.subjectMEASUREMENT PROBLEMS
dc.subjectMEASURING INEQUALITY
dc.subjectMEDIAN INCOME
dc.subjectMEDIUM TERM
dc.subjectMICRO DATA
dc.subjectNATIONAL ACCOUNTS
dc.subjectNEGATIVE IMPACT
dc.subjectNEGATIVE RELATIONSHIP
dc.subjectNUTRITION
dc.subjectPER CAPITA INCOME
dc.subjectPER CAPITA INCOMES
dc.subjectPOLICY DISCUSSIONS
dc.subjectPOLICY INTERVENTIONS
dc.subjectPOLICY MAKERS
dc.subjectPOLICY POINT OF VIEW
dc.subjectPOLICY RESEARCH
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL INSTABILITY
dc.subjectPOOR
dc.subjectPOOR COUNTRIES
dc.subjectPOOR HEALTH
dc.subjectPOOR PEOPLE
dc.subjectPOSITIVE CORRELATION
dc.subjectPOSITIVE IMPACT
dc.subjectPOVERTY ALLEVIATION
dc.subjectPOVERTY HEADCOUNT
dc.subjectPOVERTY HEADCOUNT RATE
dc.subjectPOVERTY LINE
dc.subjectPOVERTY RATE
dc.subjectPOVERTY RATES
dc.subjectPOVERTY REDUCTION
dc.subjectPOVERTY-GROWTH-INEQUALITY TRIANGLE
dc.subjectPRIVATE SECTOR
dc.subjectPRODUCTIVE POTENTIAL
dc.subjectPROMOTING EQUALITY
dc.subjectPUBLIC ECONOMICS
dc.subjectPUBLIC GOODS
dc.subjectPUBLIC POLICY
dc.subjectREAL INCOME
dc.subjectREAL PER CAPITA INCOME
dc.subjectREDISTRIBUTING RESOURCES
dc.subjectREDUCING INEQUALITY
dc.subjectRELATIVE INCOME
dc.subjectRELATIVE INCOME DISTRIBUTION
dc.subjectRELATIVE POVERTY
dc.subjectRISING INEQUALITY
dc.subjectRURAL
dc.subjectRURAL AREAS
dc.subjectRURAL GAP
dc.subjectRURAL HOUSEHOLD
dc.subjectSANITATION
dc.subjectSAVINGS
dc.subjectSIGNIFICANT CORRELATION
dc.subjectSIGNIFICANT NEGATIVE
dc.subjectSOCIAL CONFLICT
dc.subjectSOCIAL MOBILITY
dc.subjectSOCIAL POLICIES
dc.subjectSOCIAL POLICY
dc.subjectSOCIAL PROGRAMS
dc.subjectSOCIAL PROTECTION
dc.subjectSUSTAINABLE GROWTH
dc.subjectTARGETING
dc.subjectTAXATION
dc.subjectUNEMPLOYMENT
dc.subjectURBAN AREAS
dc.subjectWAGES
dc.subjectWEALTH DISTRIBUTION
dc.subjectWELL BEING
dc.subjectWELL-BEING
dc.subjectWELLBEING
dc.titleShared Prosperity : Links to Growth, Inequality and Inequality of Ppportunityen
dspace.entity.typePublication
okr.crossref.titleShared Prosperity: Links to Growth, Inequality and Inequality of Opportunity
okr.date.disclosure2013-10-01
okr.date.doiregistration2025-04-10T10:00:20.040506Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2013/10/18376904/shared-prosperity-links-growth-inequality-inequality-opportunity
okr.globalpracticePoverty
okr.guid844911468180241137
okr.identifier.doi10.1596/1813-9450-6649
okr.identifier.externaldocumentum000158349_20131010095409
okr.identifier.internaldocumentum18376904
okr.identifier.reportWPS6649
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/10/10/000158349_20131010095409/Rendered/PDF/WPS6649.pdfen
okr.topicPoverty Reduction::Rural Poverty Reduction
okr.topicPoverty Reduction::Poverty Impact Evaluation
okr.topicPoverty Reduction::Inequality
okr.topicServices and Transfers to Poor
okr.topicPoverty Reduction::Achieving Shared Growth
okr.unitPoverty Reduction and Equity Unit, Poverty Reduction and Economic Management Network
okr.volume1 of 1
relation.isAuthorOfPublicationf3c1511a-d557-55a0-8c11-c4d61f113b02
relation.isAuthorOfPublication4b7133d6-4afa-5902-a282-638032e51f3c
relation.isAuthorOfPublicatione668d74d-bd2b-5e82-a549-f8e3bc7cdefb
relation.isAuthorOfPublication.latestForDiscoveryf3c1511a-d557-55a0-8c11-c4d61f113b02
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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