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

Show simple item record

collection.link.5
https://openknowledge.worldbank.org/handle/10986/9
collection.name.5
Policy Research Working Papers
dc.contributor.author
Bussolo, Maurizio
dc.contributor.author
Maliszewska, Maryla
dc.contributor.author
Murard, Elie
dc.date.accessioned
2014-06-25T21:37:53Z
dc.date.available
2014-06-25T21:37:53Z
dc.date.issued
2014-06
dc.date.lastModified
2021-04-23T14:03:49Z
dc.description.abstract
In 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.identifier
http://documents.worldbank.org/curated/en/2014/06/19642977/long-awaited-rise-middle-class-latin-america-finally-happening
dc.identifier.uri
http://hdl.handle.net/10986/18767
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Policy Research Working Paper;No. 6912
dc.rights
CC BY 3.0 IGO
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ABSOLUTE DIFFERENCE
dc.subject
ABSOLUTE TERMS
dc.subject
ABSOLUTE VALUE
dc.subject
AGGREGATE GROWTH
dc.subject
AGRICULTURAL OUTPUT
dc.subject
AGRICULTURAL SECTOR
dc.subject
AGRICULTURE
dc.subject
ANNUAL % CHANGE
dc.subject
ANNUAL GROWTH
dc.subject
ANNUAL GROWTH RATE
dc.subject
ANNUAL RATE
dc.subject
AVERAGE ANNUAL
dc.subject
AVERAGE GROWTH
dc.subject
AVERAGE INCOME
dc.subject
AVERAGE INCOMES
dc.subject
BASE YEAR
dc.subject
BASKET OF GOODS
dc.subject
CAPITAL ACCUMULATION
dc.subject
CITIZENS
dc.subject
COMPARATIVE ADVANTAGE
dc.subject
CONSTANT PRICES
dc.subject
CONSUMERS
dc.subject
COUNTRY INEQUALITY
dc.subject
COUNTRY LEVEL
dc.subject
DECLINING INEQUALITY
dc.subject
DEMAND FOR SERVICES
dc.subject
DEMOGRAPHIC CHANGES
dc.subject
DEMOGRAPHIC FACTORS
dc.subject
DEMOGRAPHIC GROWTH
dc.subject
DEMOGRAPHIC PROJECTIONS
dc.subject
DEPENDENCY RATIO
dc.subject
DEPENDENCY RATIOS
dc.subject
DEVELOPED COUNTRIES
dc.subject
DEVELOPED WORLD
dc.subject
DEVELOPING COUNTRIES
dc.subject
DEVELOPING COUNTRY
dc.subject
DEVELOPING REGIONS
dc.subject
DEVELOPING WORLD
dc.subject
DEVELOPMENT GOALS
dc.subject
DEVELOPMENT POLICY
dc.subject
DISTRIBUTIONAL CHANGES
dc.subject
DISTRIBUTIONAL EFFECT
dc.subject
DISTRIBUTIONAL EFFECTS
dc.subject
EARNINGS INEQUALITY
dc.subject
ECONOMETRIC MODELS
dc.subject
ECONOMIC ACTIVITY
dc.subject
ECONOMIC CHANGES
dc.subject
ECONOMIC EXPANSION
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIC MODELS
dc.subject
ECONOMIC PERFORMANCE
dc.subject
ECONOMIC POLICIES
dc.subject
ECONOMIC RESEARCH
dc.subject
ECONOMIC REVIEW
dc.subject
ECONOMIC THEORY
dc.subject
ECONOMIC TRENDS
dc.subject
ECONOMICS
dc.subject
EDUCATED WORKERS
dc.subject
EDUCATION LEVEL
dc.subject
EDUCATION SYSTEMS
dc.subject
EDUCATIONAL ATTAINMENT
dc.subject
ELDERLY
dc.subject
EMPIRICAL ANALYSIS
dc.subject
EMPIRICAL STUDIES
dc.subject
EQUAL DISTRIBUTION
dc.subject
EQUALIZING EFFECT
dc.subject
EXCHANGE RATE
dc.subject
EXCHANGE RATES
dc.subject
FACTOR PRICES
dc.subject
FERTILITY
dc.subject
FORECASTS
dc.subject
FOSSIL FUELS
dc.subject
FUTURE GROWTH
dc.subject
GDP
dc.subject
GDP PER CAPITA
dc.subject
GENERAL EQUILIBRIUM MODEL
dc.subject
GINI COEFFICIENT
dc.subject
GLOBAL DEVELOPMENT
dc.subject
GLOBAL ECONOMY
dc.subject
GLOBAL LEVEL
dc.subject
GROWTH MODEL
dc.subject
GROWTH MODELS
dc.subject
GROWTH PATTERN
dc.subject
GROWTH PROJECTIONS
dc.subject
GROWTH RATE
dc.subject
GROWTH RATES
dc.subject
HIGH GROWTH
dc.subject
HIGH INCOME COUNTRIES
dc.subject
HIGH URBANIZATION
dc.subject
HOUSEHOLD INCOME
dc.subject
HOUSEHOLD LEVEL
dc.subject
HOUSEHOLD SURVEYS
dc.subject
HOUSEHOLD WELFARE
dc.subject
HUMAN CAPITAL
dc.subject
INCOME
dc.subject
INCOME DATA
dc.subject
INCOME DISTRIBUTION
dc.subject
INCOME DISTRIBUTIONS
dc.subject
INCOME ELASTICITY
dc.subject
INCOME ELASTICITY OF DEMAND
dc.subject
INCOME GROWTH
dc.subject
INCOME GROWTH RATE
dc.subject
INCOME INEQUALITY
dc.subject
INCOME LEVEL
dc.subject
INCOME LEVELS
dc.subject
INCOME SCALE
dc.subject
INCOME STUDY
dc.subject
INCOMES
dc.subject
INCREASE INCOME INEQUALITY
dc.subject
INCREASING INEQUALITY
dc.subject
INEQUALITY
dc.subject
INEQUALITY CHANGES
dc.subject
INEQUALITY DECREASE
dc.subject
INEQUALITY LEVELS
dc.subject
INEQUALITY TRENDS
dc.subject
INEQUALITY WILL
dc.subject
INTERNAL MIGRATION
dc.subject
LABOR FORCE
dc.subject
LABOR MARKET
dc.subject
LABOR SUPPLY
dc.subject
LIVING STANDARDS
dc.subject
LONG RUN
dc.subject
MACROECONOMIC OUTCOMES
dc.subject
MEAN INCOME
dc.subject
MEASUREMENT ERRORS
dc.subject
MEDIAN INCOME
dc.subject
MICRO MODEL
dc.subject
MIDDLE CLASS
dc.subject
MIDDLE CLASS SOCIETY
dc.subject
MIDDLE INCOME COUNTRIES
dc.subject
MIGRATION
dc.subject
MILLENNIUM DEVELOPMENT GOALS
dc.subject
MINIMUM LEVEL
dc.subject
MORTALITY
dc.subject
MORTALITY RATES
dc.subject
NATIONAL INCOME
dc.subject
NATIONALS
dc.subject
NATURAL RESOURCES
dc.subject
NEGATIVE RELATIONSHIP
dc.subject
NUMBER OF HOUSEHOLDS
dc.subject
NUMBER OF PEOPLE
dc.subject
NUMBER OF PERSONS
dc.subject
NUMBER OF WORKERS
dc.subject
OLD-AGE
dc.subject
OLDER PEOPLE
dc.subject
OPEN SOCIETY
dc.subject
PER CAPITA GROWTH
dc.subject
PER CAPITA INCOME
dc.subject
PER CAPITA INCOMES
dc.subject
POLICY CHANGES
dc.subject
POLICY DISCUSSIONS
dc.subject
POLICY GOALS
dc.subject
POLICY MAKING
dc.subject
POLICY RESEARCH
dc.subject
POLICY RESEARCH WORKING PAPER
dc.subject
POOR COUNTRIES
dc.subject
POPULATION GROWTH
dc.subject
POPULATION INCREASES
dc.subject
POPULATION PROJECTIONS
dc.subject
POPULATION SHARE
dc.subject
POPULATION SUBGROUPS
dc.subject
POSITIVE EFFECTS
dc.subject
POVERTY REDUCTION
dc.subject
POWER PARITY
dc.subject
PRIMARY EDUCATION
dc.subject
PRODUCTIVE ASSETS
dc.subject
PRODUCTIVITY
dc.subject
PRODUCTIVITY GROWTH
dc.subject
PROGRESS
dc.subject
PROPORTIONAL CHANGE
dc.subject
PUBLIC SERVICES
dc.subject
PURCHASING POWER
dc.subject
PURCHASING POWER PARITY
dc.subject
REAL EXCHANGE RATES
dc.subject
REAL GDP
dc.subject
REAL INCOME
dc.subject
REDUCING INEQUALITY
dc.subject
REGIONAL DIFFERENCES
dc.subject
REGIONAL LEVEL
dc.subject
REGIONAL POPULATION
dc.subject
RELATIVE INCOME
dc.subject
RELATIVE INCOMES
dc.subject
RELATIVE PRICES
dc.subject
RELATIVE SHIFT
dc.subject
RELATIVE WAGE
dc.subject
RELATIVE WAGES
dc.subject
RESPECT
dc.subject
RICH COUNTRIES
dc.subject
RISING DEMAND
dc.subject
RURAL AREAS
dc.subject
RURAL POPULATION
dc.subject
SECONDARY EDUCATION
dc.subject
SECONDARY SCHOOL
dc.subject
SECONDARY SCHOOL EDUCATION
dc.subject
SECTORAL COMPOSITION
dc.subject
SIGNIFICANT DIFFERENCES
dc.subject
SKILL LEVEL
dc.subject
SKILL PREMIUM
dc.subject
SKILLED WAGE
dc.subject
SKILLED WAGES
dc.subject
SKILLED WORKERS
dc.subject
STANDARD DEVIATION
dc.subject
STRUCTURAL CHANGE
dc.subject
TERTIARY EDUCATION
dc.subject
TERTIARY LEVEL
dc.subject
TOTAL OUTPUT
dc.subject
UNSKILLED LABOR
dc.subject
URBAN AREAS
dc.subject
URBAN MIGRATION
dc.subject
URBAN WORKERS
dc.subject
WOMAN
dc.subject
WORLD INCOME DISTRIBUTION
dc.subject
WORLD POPULATION
dc.subject
WORLD TRADE ORGANIZATION
dc.subject
YOUNG MEN
dc.title
The Long-Awaited Rise of the Middle Class in Latin America Is Finally Happening
en
okr.date.disclosure
2014-06-01
okr.doctype
Publications & Research :: Policy Research Working Paper
okr.doctype
Publications & Research
okr.docurl
http://documents.worldbank.org/curated/en/2014/06/19642977/long-awaited-rise-middle-class-latin-america-finally-happening
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Poverty
okr.globalpractice
Trade and Competitiveness
okr.globalpractice
Health, Nutrition, and Population
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/1813-9450-6912
okr.identifier.externaldocumentum
000158349_20140609131814
okr.identifier.internaldocumentum
19642977
okr.identifier.report
WPS6912
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/06/09/000158349_20140609131814/Rendered/PDF/WPS6912.pdf
en
okr.region.administrative
Latin America & Caribbean
okr.region.geographical
Latin America
okr.topic
Poverty Reduction :: Achieving Shared Growth
okr.topic
Health, Nutrition and Population :: Population Policies
okr.topic
Economic Theory and Research
okr.topic
Poverty Reduction :: Inequality
okr.topic
Private Sector Development :: Emerging Markets
okr.topic
Macroeconomics and Economic Growth
okr.unit
Global Modeling and Analytics Unit, Development Prospects Group
okr.volume
1 of 1

Show simple item record



This item appears in the following Collection(s)