Publication:
Inequality Stagnation in Latin America in the Aftermath of the Global Financial Crisis

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dc.contributor.authorBarriga Cabanillas, Oscar
dc.contributor.authorCord, Louise
dc.contributor.authorLucchetti, Leonardo
dc.contributor.authorRodriguez Castelan, Carlos
dc.contributor.authorValderrama, Daniel
dc.contributor.authorSousa, Liliana D.
dc.date.accessioned2015-01-07T21:44:10Z
dc.date.available2015-01-07T21:44:10Z
dc.date.issued2014-12
dc.description.abstractOver the past decade (2003-12), Latin America has experienced strong income growth and a notable reduction in income inequality, with the region's Gini coefficient falling from 55.6 to 51.8. Previous studies have warned about the sustainability of such a decline, and this paper presents evidence of stagnation in the pace of reduction of income inequality in Latin America since 2010. This phenomenon of stagnation is robust to different measures of inequality and is largely attributable to the impact of the Global Financial Crisis on Mexico and Central America, where inequality rose after 2010 as labor income recovered. Moreover, this paper finds evidence that much of the continuation of inequality reduction after the crisis at the country level has been due to negative or zero income growth for households in the top of the income distribution, and lower growth of the incomes of the poorest households. The crisis also highlighted weaknesses in the region's labor markets and the heavy reliance on public transfers to redistribute, underscoring the vulnerability of the region's recent social gains to global economic conditions.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/12/23117484/inequality-stagnation-latin-america-aftermath-global-financial-crisis
dc.identifier.doi10.1596/1813-9450-7146
dc.identifier.urihttps://hdl.handle.net/10986/21141
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank Group, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7146
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO EDUCATION
dc.subjectAGRICULTURAL EMPLOYMENT
dc.subjectANDEAN REGION
dc.subjectANNUAL CHANGE
dc.subjectANNUAL GROWTH
dc.subjectANNUAL RATE
dc.subjectAVERAGE ANNUAL
dc.subjectAVERAGE GROWTH
dc.subjectAVERAGE GROWTH RATE
dc.subjectAVERAGE INCOME
dc.subjectCASH TRANSFERS
dc.subjectCHANGES IN POVERTY
dc.subjectCOUNTRY LEVEL
dc.subjectDECLINE IN POVERTY
dc.subjectDECLINING INEQUALITY
dc.subjectDECOMPOSITION RESULTS
dc.subjectDECREASING INEQUALITY
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDISTRIBUTION OF INCOME
dc.subjectDISTRIBUTIONAL IMPACT
dc.subjectDIVERSIFICATION
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC INEQUALITY
dc.subjectELASTICITY
dc.subjectELASTICITY OF POVERTY
dc.subjectEQUALIZING EFFECT
dc.subjectEQUALIZING IMPACT
dc.subjectEXTERNAL SHOCKS
dc.subjectFACTOR COMPONENTS
dc.subjectFINANCIAL CRISIS
dc.subjectGDP
dc.subjectGINI COEFFICIENT
dc.subjectGINI COEFFICIENTS
dc.subjectGROWTH ELASTICITY
dc.subjectGROWTH RATES
dc.subjectHIGH GROWTH
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD PER CAPITA INCOME
dc.subjectHOUSEHOLD SURVEY DATA
dc.subjectHOUSEHOLD SURVEYS
dc.subjectHOUSING
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN CAPITAL FORMATION
dc.subjectINCOME
dc.subjectINCOME DATA
dc.subjectINCOME DIFFERENCES
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME DISTRIBUTIONS
dc.subjectINCOME GROWTH
dc.subjectINCOME INEQUALITY
dc.subjectINCOME QUINTILES
dc.subjectINCOME SOURCE
dc.subjectINCOME SOURCES
dc.subjectINCOME TRENDS
dc.subjectINCOMES
dc.subjectINCREASE INCOME INEQUALITY
dc.subjectINCREASED INEQUALITY
dc.subjectINEQUALITY
dc.subjectINEQUALITY CHANGES
dc.subjectINEQUALITY FRONT
dc.subjectINEQUALITY INDICATORS
dc.subjectINEQUALITY LEVELS
dc.subjectINEQUALITY MEASURE
dc.subjectINEQUALITY MEASURES
dc.subjectINEQUALITY REDUCTION
dc.subjectINEQUALITY TRENDS
dc.subjectINTRAREGIONAL MIGRATION
dc.subjectJOB CREATION
dc.subjectLABOR DEMAND
dc.subjectLABOR INCOME
dc.subjectLABOR INCOMES
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLOG INCOME
dc.subjectLOGARITHMIC SCALE
dc.subjectMEAN LOG DEVIATION
dc.subjectMEASURING INEQUALITY
dc.subjectMIDDLE CLASS
dc.subjectMIDDLE INCOME
dc.subjectMIDDLE INCOME COUNTRIES
dc.subjectNEGATIVE GROWTH
dc.subjectNEGATIVE IMPACT
dc.subjectNEGATIVE VALUE
dc.subjectPENSION INCOME
dc.subjectPENSIONS
dc.subjectPER CAPITA GROWTH
dc.subjectPER CAPITA GROWTH RATE
dc.subjectPER CAPITA INCOME
dc.subjectPOLICY DISCUSSIONS
dc.subjectPOLICY RESEARCH
dc.subjectPOLITICAL ECONOMY
dc.subjectPOOR
dc.subjectPOOR GROWTH
dc.subjectPOSITIVE VALUE
dc.subjectPOVERTY IMPACT
dc.subjectPOVERTY LEVELS
dc.subjectPOVERTY MEASURES
dc.subjectPOVERTY REDUCTION
dc.subjectPRIMARY EDUCATION
dc.subjectPRIVATE TRANSFERS
dc.subjectPROGRAMS
dc.subjectPUBLIC POLICY
dc.subjectPUBLIC TRANSFERS
dc.subjectQUALITY OF LIFE
dc.subjectREAL PER CAPITA INCOME
dc.subjectREAL WAGES
dc.subjectREDUCING INEQUALITY
dc.subjectREDUCING POVERTY
dc.subjectREDUCTION OF INCOME
dc.subjectREDUCTION OF INEQUALITY
dc.subjectREGIONAL ECONOMIES
dc.subjectREGIONAL GROWTH
dc.subjectREGIONAL HARMONIZATION
dc.subjectREGIONAL INCOME
dc.subjectREGIONAL INCOME INEQUALITY
dc.subjectREGIONAL INEQUALITY
dc.subjectREGIONAL PATTERN
dc.subjectREGIONAL REPORT
dc.subjectREGIONAL TRADE
dc.subjectREGIONAL TRADE AGREEMENTS
dc.subjectREGIONAL TRENDS
dc.subjectRISING INEQUALITY
dc.subjectSCHOOLING
dc.subjectSELF-EMPLOYMENT
dc.subjectSKILL PREMIUM
dc.subjectSKILL WORKERS
dc.subjectSKILLED LABOR
dc.subjectSKILLED WORKERS
dc.subjectSOCIAL POLICY
dc.subjectSOCIAL PROGRAMS
dc.subjectSOCIAL PROTECTION
dc.subjectSOCIAL SPENDING
dc.subjectSUB-REGION
dc.subjectSUB-REGIONS
dc.subjectSUBREGIONS
dc.subjectTARGETING
dc.subjectTRANSFER PROGRAMS
dc.subjectVULNERABLE HOUSEHOLDS
dc.subjectWAGE
dc.subjectWAGE EMPLOYMENT
dc.subjectWAGE GROWTH
dc.subjectWAGE INEQUALITY
dc.titleInequality Stagnation in Latin America in the Aftermath of the Global Financial Crisisen
dspace.entity.typePublication
okr.crossref.titleInequality Stagnation in Latin America in the Aftermath of the Global Financial Crisis
okr.date.disclosure2014-12-15
okr.date.doiregistration2025-04-10T10:15:39.959309Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2014/12/23117484/inequality-stagnation-latin-america-aftermath-global-financial-crisis
okr.globalpracticePoverty
okr.globalpracticeFinance and Markets
okr.guid908771468088775560
okr.identifier.doi10.1596/1813-9450-7146
okr.identifier.externaldocumentum000158349_20141229220501
okr.identifier.internaldocumentum23117484
okr.identifier.reportWPS7146
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/12/29/000158349_20141229220501/Rendered/PDF/WPS7146.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.geographicalLatin America
okr.topicMacroeconomics and Economic Growth::Income
okr.topicPoverty Reduction::Poverty Impact Evaluation
okr.topicPoverty Reduction::Inequality
okr.topicMacroeconomics and Economic Growth::Regional Economic Development
okr.topicServices and Transfers to Poor
okr.unitPoverty Global Practice Group
relation.isAuthorOfPublication71ee8dd2-ae7d-5fca-8f25-286cfd537833
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relation.isAuthorOfPublication.latestForDiscovery2617abbe-b7ff-5678-991a-85d4f9583656
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relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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