Growth, Inequality, and Social Welfare : Cross-Country Evidence

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collection.link.5
https://openknowledge.worldbank.org/handle/10986/9
collection.name.5
Policy Research Working Papers
dc.contributor.author
Dollar, David
dc.contributor.author
Kleineberg, Tatjana
dc.contributor.author
Kraay, Aart
dc.date.accessioned
2014-05-14T21:22:33Z
dc.date.available
2014-05-14T21:22:33Z
dc.date.issued
2014-04
dc.date.lastModified
2017-12-14T09:08:53Z
dc.description.abstract
Social welfare functions that assign weights to individuals based on their income levels can be used to document the relative importance of growth and inequality changes for changes in social welfare. In a large panel of industrial and developing countries over the past 40 years, most of the cross-country and over-time variation in changes in social welfare is due to changes in average incomes. In contrast, the changes in inequality observed during this period are on average much smaller than changes in average incomes, are uncorrelated with changes in average incomes, and have contributed relatively little to changes in social welfare.
en
dc.identifier
http://documents.worldbank.org/curated/en/2014/04/19431734/growth-inequality-social-welfare-cross-country-evidence
dc.identifier.uri
http://hdl.handle.net/10986/18329
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Policy Research Working Paper;No. 6842
dc.rights
CC BY 3.0 IGO
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ABSOLUTE INEQUALITY
dc.subject
ABSOLUTE POVERTY
dc.subject
ABSOLUTE VALUE
dc.subject
ADVERSE EFFECTS
dc.subject
AGGREGATE GROWTH
dc.subject
AGRICULTURE
dc.subject
AMERICAN ECONOMIC REVIEW
dc.subject
ANNUAL GROWTH
dc.subject
ANNUAL GROWTH RATE
dc.subject
ANNUAL RATE
dc.subject
AVERAGE ANNUAL
dc.subject
AVERAGE CHANGE
dc.subject
AVERAGE GROWTH
dc.subject
AVERAGE GROWTH RATES
dc.subject
AVERAGE INCOME
dc.subject
AVERAGE INCOME GROWTH
dc.subject
AVERAGE INCOMES
dc.subject
AVERAGE LIVING STANDARDS
dc.subject
BENCHMARK
dc.subject
BLACK MARKET
dc.subject
BLACK MARKET PREMIUM
dc.subject
BUDGET DEFICITS
dc.subject
CAPITAL ACCOUNT
dc.subject
CHANGES IN INEQUALITY
dc.subject
CHANGES IN POVERTY
dc.subject
CIVIL LIBERTIES
dc.subject
COEFFICIENT OF INEQUALITY
dc.subject
COUNTRY EFFECTS
dc.subject
CROSS-COUNTRY DIFFERENCES
dc.subject
CROSS-COUNTRY INCOME
dc.subject
CROSS-COUNTRY REGRESSION
dc.subject
CUMULATIVE DISTRIBUTION
dc.subject
CUMULATIVE DISTRIBUTION FUNCTION
dc.subject
CUMULATIVE INCOME
dc.subject
CUMULATIVE INCOME SHARES
dc.subject
DATA AVAILABILITY
dc.subject
DECREASING FUNCTION
dc.subject
DENSITY FUNCTION
dc.subject
DESCRIPTIVE STATISTICS
dc.subject
DEVELOPED COUNTRIES
dc.subject
DEVELOPING COUNTRIES
dc.subject
DEVELOPING WORLD
dc.subject
DEVELOPMENT ECONOMICS
dc.subject
DEVELOPMENT POLICY
dc.subject
DEVELOPMENT RESEARCH
dc.subject
DISTRIBUTION COMPONENT
dc.subject
DISTRIBUTION OF INCOME
dc.subject
DISTRIBUTION OF INEQUALITY
dc.subject
DISTRIBUTIONS OF INCOME
dc.subject
DYNAMIC PANEL
dc.subject
ECONOMETRICS
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIC LITERATURE
dc.subject
ECONOMIC POLICY
dc.subject
ECONOMIC REVIEW
dc.subject
ECONOMIC STUDIES
dc.subject
EDUCATIONAL ATTAINMENT
dc.subject
ELASTICITY
dc.subject
EMPIRICAL ANALYSIS
dc.subject
EMPIRICAL EVIDENCE
dc.subject
EMPIRICAL GROWTH LITERATURE
dc.subject
EMPIRICAL LITERATURE
dc.subject
EMPIRICAL MODELS
dc.subject
EMPIRICAL RESULTS
dc.subject
EMPIRICAL WORK
dc.subject
ERROR TERMS
dc.subject
ESTIMATED COEFFICIENT
dc.subject
ESTIMATED COEFFICIENTS
dc.subject
EXCHANGE RATE
dc.subject
EXPLANATORY VARIABLES
dc.subject
EXPORTS
dc.subject
EXTREME POVERTY
dc.subject
FINANCIAL DEPTH
dc.subject
FINANCIAL DEVELOPMENT
dc.subject
FUNCTIONAL FORM
dc.subject
GDP
dc.subject
GDP DEFLATOR
dc.subject
GINI COEFFICIENT
dc.subject
GINI INDEX
dc.subject
GROWTH COMPONENT
dc.subject
GROWTH DETERMINANTS
dc.subject
GROWTH EFFECT
dc.subject
GROWTH LITERATURE
dc.subject
GROWTH PRO-POOR
dc.subject
GROWTH RATE
dc.subject
GROWTH RATES
dc.subject
GROWTH REGRESSION
dc.subject
GROWTH REGRESSIONS
dc.subject
HETEROSKEDASTICITY
dc.subject
HIGH INCOME
dc.subject
HIGH INCOME COUNTRIES
dc.subject
HIGH INFLATION
dc.subject
HIGHER VOLATILITY
dc.subject
HOUSEHOLD SIZE
dc.subject
HOUSEHOLD SURVEY DATA
dc.subject
HOUSEHOLD SURVEYS
dc.subject
INCOME
dc.subject
INCOME DISTRIBUTION
dc.subject
INCOME DISTRIBUTIONS
dc.subject
INCOME GROWTH RATE
dc.subject
INCOME INEQUALITY
dc.subject
INCOME LEVEL
dc.subject
INCOME LEVELS
dc.subject
INCOME SHARE
dc.subject
INCOME SHOCKS
dc.subject
INCOME STUDY
dc.subject
INCOMES INCREASE
dc.subject
INEQUALITY
dc.subject
INEQUALITY AVERSION
dc.subject
INEQUALITY AVERSION PARAMETER
dc.subject
INEQUALITY CHANGE
dc.subject
INEQUALITY CHANGES
dc.subject
INEQUALITY DECLINES
dc.subject
INEQUALITY FALLS
dc.subject
INEQUALITY INDEX
dc.subject
INEQUALITY MEASURE
dc.subject
INEQUALITY MEASURES
dc.subject
INFLATION RATE
dc.subject
INFLATION RATES
dc.subject
INTERNATIONAL MONETARY FUND
dc.subject
LABOUR MARKET
dc.subject
LABOUR SUPPLY
dc.subject
LIFE EXPECTANCY
dc.subject
LIVING STANDARDS
dc.subject
LOG INCOME
dc.subject
LONG RUN
dc.subject
LONG-TERM GROWTH
dc.subject
LORENZ CURVE
dc.subject
LOW INCOME
dc.subject
LOW INCOME COUNTRIES
dc.subject
LOW-INCOME COUNTRIES
dc.subject
M2
dc.subject
MACROECONOMIC POLICIES
dc.subject
MACROECONOMICS
dc.subject
MEAN GROWTH
dc.subject
MEAN INCOME
dc.subject
MEAN INCOME GROWTH
dc.subject
MEASURE OF INEQUALITY
dc.subject
MEASURED INEQUALITY
dc.subject
MEASUREMENT ERROR
dc.subject
MICRO DATA
dc.subject
MIDDLE INCOME
dc.subject
MIDDLE INCOME COUNTRIES
dc.subject
MIDDLE-INCOME COUNTRIES
dc.subject
MONOPOLY
dc.subject
NATIONAL ACCOUNTS
dc.subject
NATIONAL INCOME
dc.subject
0 HYPOTHESIS
dc.subject
OBSERVED CHANGE
dc.subject
OBSERVED GROWTH
dc.subject
OBSERVED GROWTH RATE
dc.subject
OBSERVED INCREASE
dc.subject
OBSERVED VALUE
dc.subject
PANEL REGRESSIONS
dc.subject
PER CAPITA INCOMES
dc.subject
POLICY DISCUSSIONS
dc.subject
POLICY RESEARCH
dc.subject
POLICY VARIABLES
dc.subject
POLITICAL INSTABILITY
dc.subject
POLITICAL RIGHTS
dc.subject
POOR PEOPLE
dc.subject
POPULATION GROWTH
dc.subject
POSITIVE EFFECT
dc.subject
POVERTY DEBATE
dc.subject
POVERTY ESTIMATES
dc.subject
POVERTY GAP
dc.subject
POVERTY MEASURES
dc.subject
POVERTY REDUCTION
dc.subject
POWER PARITY
dc.subject
PRIVATE CONSUMPTION
dc.subject
PROMOTING GROWTH
dc.subject
PUBLIC SECTOR
dc.subject
PURCHASING POWER
dc.subject
PURCHASING POWER PARITY
dc.subject
REDUCED INEQUALITY
dc.subject
REGRESSION ANALYSIS
dc.subject
RELATIVE IMPORTANCE
dc.subject
RELATIVE INCOMES
dc.subject
RICH PEOPLE
dc.subject
RISING INCOME INEQUALITY
dc.subject
RISING INEQUALITY
dc.subject
SECTOR EMPLOYMENT
dc.subject
SERIES DATA
dc.subject
SIGNIFICANCE LEVEL
dc.subject
SIGNIFICANT CORRELATION
dc.subject
SIGNIFICANT DIFFERENCES
dc.subject
SIGNIFICANT RELATIONSHIP
dc.subject
SOCIAL WELFARE
dc.subject
STANDARD DEVIATION
dc.subject
STANDARD ERRORS
dc.subject
TRADE OPENNESS
dc.subject
VALUE ADDED
dc.subject
VOLATILITY
dc.subject
WEALTH
dc.title
Growth, Inequality, and Social Welfare : Cross-Country Evidence
en
okr.date.disclosure
2014-04-01
okr.doctype
Publications & Research :: Policy Research Working Paper
okr.doctype
Publications & Research
okr.docurl
http://documents.worldbank.org/curated/en/2014/04/19431734/growth-inequality-social-welfare-cross-country-evidence
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Poverty
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/1813-9450-6842
okr.identifier.externaldocumentum
000158349_20140424130332
okr.identifier.internaldocumentum
19431734
okr.identifier.report
WPS6842
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/04/24/000158349_20140424130332/Rendered/PDF/WPS6842.pdf
en
okr.sector
Public Administration, Law, and Justice :: Central government administration
okr.theme
Economic management :: Analysis of economic growth
okr.topic
Poverty Reduction :: Achieving Shared Growth
okr.topic
Macroeconomics and Economic Growth :: Economic Conditions and Volatility
okr.topic
Economic Theory and Research
okr.topic
Poverty Reduction :: Inequality
okr.topic
Poverty Reduction :: Equity and Development
okr.unit
Macroeconomics and Growth Team, Development Research Group
okr.volume
1 of 1

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