Publication:
The Long-Awaited Rise of the Middle Class in Latin America Is Finally Happening

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dc.contributor.authorMaliszewska, Maryla
dc.contributor.authorBussolo, Maurizio
dc.contributor.authorMurard, Elie
dc.date.accessioned2014-06-25T21:37:53Z
dc.date.available2014-06-25T21:37:53Z
dc.date.issued2014-06
dc.description.abstractIn many developing countries, the supply of skilled workers is likely to continue to be stronger than demand, and this should drive down the skill premium and reduce inequality. Within the limitations of any exercise based on simulations, this paper finds that the recently observed reduction in inequality in Latin America may continue. Building on counterfactual scenarios projecting economic and demographic (including age and education) growth, the paper also highlights that by 2030 the long-awaited rise of the middle class in Latin America will be in full swing, as its share will be 43 percent of the total population, twice the value in 2005. This achievement is not guaranteed, as countries with large initial inequalities will have to achieve very high rates of inclusive growth. At the same time, a larger middle class is likely to exert a stronger influence on international and domestic policy making.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/06/19642977/long-awaited-rise-middle-class-latin-america-finally-happening
dc.identifier.doi10.1596/1813-9450-6912
dc.identifier.urihttps://hdl.handle.net/10986/18767
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 6912
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectABSOLUTE DIFFERENCE
dc.subjectABSOLUTE TERMS
dc.subjectABSOLUTE VALUE
dc.subjectAGGREGATE GROWTH
dc.subjectAGRICULTURAL OUTPUT
dc.subjectAGRICULTURAL SECTOR
dc.subjectAGRICULTURE
dc.subjectANNUAL % CHANGE
dc.subjectANNUAL GROWTH
dc.subjectANNUAL GROWTH RATE
dc.subjectANNUAL RATE
dc.subjectAVERAGE ANNUAL
dc.subjectAVERAGE GROWTH
dc.subjectAVERAGE INCOME
dc.subjectAVERAGE INCOMES
dc.subjectBASE YEAR
dc.subjectBASKET OF GOODS
dc.subjectCAPITAL ACCUMULATION
dc.subjectCITIZENS
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCONSTANT PRICES
dc.subjectCONSUMERS
dc.subjectCOUNTRY INEQUALITY
dc.subjectCOUNTRY LEVEL
dc.subjectDECLINING INEQUALITY
dc.subjectDEMAND FOR SERVICES
dc.subjectDEMOGRAPHIC CHANGES
dc.subjectDEMOGRAPHIC FACTORS
dc.subjectDEMOGRAPHIC GROWTH
dc.subjectDEMOGRAPHIC PROJECTIONS
dc.subjectDEPENDENCY RATIO
dc.subjectDEPENDENCY RATIOS
dc.subjectDEVELOPED COUNTRIES
dc.subjectDEVELOPED WORLD
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPING REGIONS
dc.subjectDEVELOPING WORLD
dc.subjectDEVELOPMENT GOALS
dc.subjectDEVELOPMENT POLICY
dc.subjectDISTRIBUTIONAL CHANGES
dc.subjectDISTRIBUTIONAL EFFECT
dc.subjectDISTRIBUTIONAL EFFECTS
dc.subjectEARNINGS INEQUALITY
dc.subjectECONOMETRIC MODELS
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC CHANGES
dc.subjectECONOMIC EXPANSION
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC MODELS
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC POLICIES
dc.subjectECONOMIC RESEARCH
dc.subjectECONOMIC REVIEW
dc.subjectECONOMIC THEORY
dc.subjectECONOMIC TRENDS
dc.subjectECONOMICS
dc.subjectEDUCATED WORKERS
dc.subjectEDUCATION LEVEL
dc.subjectEDUCATION SYSTEMS
dc.subjectEDUCATIONAL ATTAINMENT
dc.subjectELDERLY
dc.subjectEMPIRICAL ANALYSIS
dc.subjectEMPIRICAL STUDIES
dc.subjectEQUAL DISTRIBUTION
dc.subjectEQUALIZING EFFECT
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATES
dc.subjectFACTOR PRICES
dc.subjectFERTILITY
dc.subjectFORECASTS
dc.subjectFOSSIL FUELS
dc.subjectFUTURE GROWTH
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGENERAL EQUILIBRIUM MODEL
dc.subjectGINI COEFFICIENT
dc.subjectGLOBAL DEVELOPMENT
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL LEVEL
dc.subjectGROWTH MODEL
dc.subjectGROWTH MODELS
dc.subjectGROWTH PATTERN
dc.subjectGROWTH PROJECTIONS
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHIGH GROWTH
dc.subjectHIGH INCOME COUNTRIES
dc.subjectHIGH URBANIZATION
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD LEVEL
dc.subjectHOUSEHOLD SURVEYS
dc.subjectHOUSEHOLD WELFARE
dc.subjectHUMAN CAPITAL
dc.subjectINCOME
dc.subjectINCOME DATA
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME DISTRIBUTIONS
dc.subjectINCOME ELASTICITY
dc.subjectINCOME ELASTICITY OF DEMAND
dc.subjectINCOME GROWTH
dc.subjectINCOME GROWTH RATE
dc.subjectINCOME INEQUALITY
dc.subjectINCOME LEVEL
dc.subjectINCOME LEVELS
dc.subjectINCOME SCALE
dc.subjectINCOME STUDY
dc.subjectINCOMES
dc.subjectINCREASE INCOME INEQUALITY
dc.subjectINCREASING INEQUALITY
dc.subjectINEQUALITY
dc.subjectINEQUALITY CHANGES
dc.subjectINEQUALITY DECREASE
dc.subjectINEQUALITY LEVELS
dc.subjectINEQUALITY TRENDS
dc.subjectINEQUALITY WILL
dc.subjectINTERNAL MIGRATION
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLABOR SUPPLY
dc.subjectLIVING STANDARDS
dc.subjectLONG RUN
dc.subjectMACROECONOMIC OUTCOMES
dc.subjectMEAN INCOME
dc.subjectMEASUREMENT ERRORS
dc.subjectMEDIAN INCOME
dc.subjectMICRO MODEL
dc.subjectMIDDLE CLASS
dc.subjectMIDDLE CLASS SOCIETY
dc.subjectMIDDLE INCOME COUNTRIES
dc.subjectMIGRATION
dc.subjectMILLENNIUM DEVELOPMENT GOALS
dc.subjectMINIMUM LEVEL
dc.subjectMORTALITY
dc.subjectMORTALITY RATES
dc.subjectNATIONAL INCOME
dc.subjectNATIONALS
dc.subjectNATURAL RESOURCES
dc.subjectNEGATIVE RELATIONSHIP
dc.subjectNUMBER OF HOUSEHOLDS
dc.subjectNUMBER OF PEOPLE
dc.subjectNUMBER OF PERSONS
dc.subjectNUMBER OF WORKERS
dc.subjectOLD-AGE
dc.subjectOLDER PEOPLE
dc.subjectOPEN SOCIETY
dc.subjectPER CAPITA GROWTH
dc.subjectPER CAPITA INCOME
dc.subjectPER CAPITA INCOMES
dc.subjectPOLICY CHANGES
dc.subjectPOLICY DISCUSSIONS
dc.subjectPOLICY GOALS
dc.subjectPOLICY MAKING
dc.subjectPOLICY RESEARCH
dc.subjectPOLICY RESEARCH WORKING PAPER
dc.subjectPOOR COUNTRIES
dc.subjectPOPULATION GROWTH
dc.subjectPOPULATION INCREASES
dc.subjectPOPULATION PROJECTIONS
dc.subjectPOPULATION SHARE
dc.subjectPOPULATION SUBGROUPS
dc.subjectPOSITIVE EFFECTS
dc.subjectPOVERTY REDUCTION
dc.subjectPOWER PARITY
dc.subjectPRIMARY EDUCATION
dc.subjectPRODUCTIVE ASSETS
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPROGRESS
dc.subjectPROPORTIONAL CHANGE
dc.subjectPUBLIC SERVICES
dc.subjectPURCHASING POWER
dc.subjectPURCHASING POWER PARITY
dc.subjectREAL EXCHANGE RATES
dc.subjectREAL GDP
dc.subjectREAL INCOME
dc.subjectREDUCING INEQUALITY
dc.subjectREGIONAL DIFFERENCES
dc.subjectREGIONAL LEVEL
dc.subjectREGIONAL POPULATION
dc.subjectRELATIVE INCOME
dc.subjectRELATIVE INCOMES
dc.subjectRELATIVE PRICES
dc.subjectRELATIVE SHIFT
dc.subjectRELATIVE WAGE
dc.subjectRELATIVE WAGES
dc.subjectRESPECT
dc.subjectRICH COUNTRIES
dc.subjectRISING DEMAND
dc.subjectRURAL AREAS
dc.subjectRURAL POPULATION
dc.subjectSECONDARY EDUCATION
dc.subjectSECONDARY SCHOOL
dc.subjectSECONDARY SCHOOL EDUCATION
dc.subjectSECTORAL COMPOSITION
dc.subjectSIGNIFICANT DIFFERENCES
dc.subjectSKILL LEVEL
dc.subjectSKILL PREMIUM
dc.subjectSKILLED WAGE
dc.subjectSKILLED WAGES
dc.subjectSKILLED WORKERS
dc.subjectSTANDARD DEVIATION
dc.subjectSTRUCTURAL CHANGE
dc.subjectTERTIARY EDUCATION
dc.subjectTERTIARY LEVEL
dc.subjectTOTAL OUTPUT
dc.subjectUNSKILLED LABOR
dc.subjectURBAN AREAS
dc.subjectURBAN MIGRATION
dc.subjectURBAN WORKERS
dc.subjectWOMAN
dc.subjectWORLD INCOME DISTRIBUTION
dc.subjectWORLD POPULATION
dc.subjectWORLD TRADE ORGANIZATION
dc.subjectYOUNG MEN
dc.titleThe Long-Awaited Rise of the Middle Class in Latin America Is Finally Happeningen
dspace.entity.typePublication
okr.crossref.titleThe Long-Awaited Rise of the Middle Class in Latin America is Finally Happening
okr.date.disclosure2014-06-01
okr.date.doiregistration2025-04-10T10:10:50.732790Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2014/06/19642977/long-awaited-rise-middle-class-latin-america-finally-happening
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticePoverty
okr.globalpracticeTrade and Competitiveness
okr.globalpracticeHealth, Nutrition, and Population
okr.guid823431468270865962
okr.identifier.doi10.1596/1813-9450-6912
okr.identifier.externaldocumentum000158349_20140609131814
okr.identifier.internaldocumentum19642977
okr.identifier.reportWPS6912
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/06/09/000158349_20140609131814/Rendered/PDF/WPS6912.pdfen
okr.region.administrativeLatin America and Caribbean
okr.region.geographicalLatin America
okr.topicPoverty Reduction::Achieving Shared Growth
okr.topicHealth, Nutrition and Population::Population Policies
okr.topicEconomic Theory and Research
okr.topicPoverty Reduction::Inequality
okr.topicPrivate Sector Development::Emerging Markets
okr.topicMacroeconomics and Economic Growth
okr.unitGlobal Modeling and Analytics Unit, Development Prospects Group
okr.volume1 of 1
relation.isAuthorOfPublicationd0039343-97ad-5806-88d5-81b58fee8116
relation.isAuthorOfPublication.latestForDiscoveryd0039343-97ad-5806-88d5-81b58fee8116
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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