Publication:
The Role of Income Inequality for Poverty Reduction

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creativeworkseries.issn1564-698X
dc.contributor.authorBergstrom, Katy
dc.date.accessioned2024-02-23T16:32:51Z
dc.date.available2024-02-23T16:32:51Z
dc.date.issued2022-01-07
dc.description.abstractThis paper approximates the identity that links growth in mean incomes and changes in the distribution of relative incomes to reductions in absolute poverty and examines the role of income inequality for poverty reduction. Under the assumption that income is log-normally distributed, we show that we can approximate this identity well. We find that the inequality elasticity of poverty reduction is larger, on average, compared to the growth elasticity of poverty reduction and that the growth elasticity declines steeply with a country’s initial level of inequality. However, we find that prior changes in poverty were, in large part, explained by changes in mean incomes. This is a consequence of changes in income inequality being an order of magnitude smaller than changes in mean incomes. Overall, our results highlight the important role income inequality can play in reducing poverty despite prior poverty changes being, in large part, a consequence of economic growth.en
dc.identifierhttp://documents.worldbank.org/curated/en/099446412112324459/IDU0e6214485071b704a39098320cb886257a2eb
dc.identifier.citationThe World Bank Economic Review
dc.identifier.doi10.1596/41094
dc.identifier.issn0258-6770 (print)
dc.identifier.issn1564-698X (online)
dc.identifier.urihttps://hdl.handle.net/10986/41094
dc.languageEnglish
dc.language.isoen_US
dc.publisherPublished by Oxford University Press on behalf of the World Bank
dc.relation.ispartofseriesWorld Bank Economic Review
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/3.0/igo/
dc.subjectINCOME INEQUALITY
dc.subjectGROWTH
dc.subjectPOVERTY
dc.subjectINEQUALITY ELASTICITY
dc.subjectGROWTH ELASTICITY
dc.titleThe Role of Income Inequality for Poverty Reductionen
dc.typeJournal Article
dspace.entity.typePublication
okr.crossref.titleThe Role of Income Inequality for Poverty Reduction
okr.date.disclosure2024-01-23
okr.date.lastmodified2023-12-11T00:00:00Zen
okr.doctypeJournal Article
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099446412112324459/IDU0e6214485071b704a39098320cb886257a2eb
okr.guid099446412112324459
okr.identifier.docmidIDU-e6214485-71b7-4a39-9832-cb886257a2eb
okr.identifier.doi10.1093/wber/lhab026
okr.identifier.doihttps://doi.org/10.1596/41094
okr.identifier.externaldocumentum34212102
okr.identifier.internaldocumentum34212102
okr.identifier.report186335
okr.import.id3230
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099446412112324459/pdf/IDU0e6214485071b704a39098320cb886257a2eb.pdfen
okr.region.geographicalWorld
okr.topicMacroeconomics and Economic Growth::Income
okr.topicPoverty Reduction::Achieving Shared Growth
okr.unitOff of Sr VP Dev Econ/Chief Econ (DECVP)
okr.volume36 (3)
relation.isJournalIssueOfPublication9883f96b-4922-41d1-904a-167a98b9e3e3
relation.isJournalIssueOfPublication.latestForDiscovery9883f96b-4922-41d1-904a-167a98b9e3e3
relation.isJournalOfPublicationc41eae2f-cf94-449d-86b7-f062aebe893f
relation.isJournalVolumeOfPublicationdd213de9-52ab-40e9-bb44-86bf0edc81b4
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