A Normal Relationship? Poverty, Growth, and Inequality

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collection.link.5
https://openknowledge.worldbank.org/handle/10986/9
collection.name.5
Policy Research Working Papers
dc.contributor.author
Lopez, J. Humberto
dc.contributor.author
Servén, Luis
dc.date.accessioned
2012-06-22T15:57:53Z
dc.date.available
2012-06-22T15:57:53Z
dc.date.issued
2006-01
dc.date.lastModified
2021-04-23T14:02:40Z
dc.description.abstract
Using a large cross-country income distribution dataset spanning close to 800 country-year observations from industrial and developing countries, the authors show that the size distribution of per capita income is well approximated empirically by a lognormal density. The 0 hypothesis that per capita income follows a lognormal distribution cannot be rejected-although the same hypothesis is unambiguously rejected when applied to per capita consumption. The authors show that lognormality of per capita income has important implications for the relative roles of income growth and inequality changes in poverty reduction. When poverty reduction is the overriding policy objective, poorer and relatively equal countries may be willing to tolerate modest increases in income inequality in exchange for faster growth-more so than richer and highly unequal countries.
en
dc.identifier
http://documents.worldbank.org/curated/en/2006/01/6525961/normal-relationship-poverty-growth-inequality
dc.identifier.uri
http://hdl.handle.net/10986/8791
dc.language
English
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Policy Research Working Paper; No. 3814
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ABSOLUTE VALUE
dc.subject
AGGREGATE GROWTH
dc.subject
AGGREGATE INCOME
dc.subject
AVERAGE INCOME
dc.subject
AVERAGE INCOME GROWTH
dc.subject
AVERAGE INCOMES
dc.subject
AVERAGE LEVEL
dc.subject
CONSUMPTION SMOOTHING
dc.subject
COUNTRY INDEX
dc.subject
COVARIANCE MATRIX
dc.subject
CROSS-COUNTRY DIFFERENCES
dc.subject
CROSS-COUNTRY INCOME
dc.subject
DECLINING INEQUALITY
dc.subject
DENSITY FUNCTION
dc.subject
DEPENDENT VARIABLE
dc.subject
DESCRIPTIVE STATISTICS
dc.subject
DEVELOPING COUNTRIES
dc.subject
DEVELOPMENT POLICY
dc.subject
DISTRIBUTIONAL CHANGE
dc.subject
DISTRIBUTIONAL TERM
dc.subject
ECONOMICS
dc.subject
ECONOMICS LITERATURE
dc.subject
EFFECTIVE GROWTH
dc.subject
ELASTICITY OF POVERTY
dc.subject
EMPIRICAL EVIDENCE
dc.subject
EMPIRICAL LITERATURE
dc.subject
EMPIRICAL MODEL
dc.subject
EMPIRICAL RESULTS
dc.subject
EMPIRICAL WORK
dc.subject
EQUAL COUNTRIES
dc.subject
EQUAL WEIGHT
dc.subject
ERROR TERM
dc.subject
FUNCTIONAL FORM
dc.subject
GINI COEFFICIENT
dc.subject
GROSS INCOME
dc.subject
GROWTH
dc.subject
GROWTH COMPONENT
dc.subject
GROWTH EFFECT
dc.subject
GROWTH ELASTICITY
dc.subject
GROWTH RATE
dc.subject
GROWTH SPELLS
dc.subject
HEADCOUNT POVERTY
dc.subject
HEADCOUNT RATIO
dc.subject
HETEROSKEDASTICITY
dc.subject
HIGH INEQUALITY
dc.subject
HIGH INEQUALITY COUNTRIES
dc.subject
HOUSEHOLD SURVEYS
dc.subject
INCOME DATA
dc.subject
INCOME DISTRIBUTION
dc.subject
INCOME GROWTH
dc.subject
INCOME INEQUALITY
dc.subject
INCOME LEVELS
dc.subject
INCOME REDISTRIBUTION
dc.subject
INCOME SHARE
dc.subject
INCOME SHARES
dc.subject
INCOME SHORTFALL
dc.subject
INCREASING INEQUALITY
dc.subject
INDIVIDUAL INCOMES
dc.subject
INEQUALITY AVERSION
dc.subject
INEQUALITY CHANGES
dc.subject
INEQUALITY EFFECT
dc.subject
INEQUALITY ELASTICITY
dc.subject
INTEREST RATE
dc.subject
INTERVENTIONS
dc.subject
LINEAR REGRESSIONS
dc.subject
LOG INCOME
dc.subject
LONG RUN
dc.subject
LOW INCOME
dc.subject
LOW INEQUALITY
dc.subject
LOW INEQUALITY COUNTRIES
dc.subject
LOW-INCOME COUNTRIES
dc.subject
MEAN INCOME
dc.subject
MEASUREMENT ERROR
dc.subject
MIDDLE INCOME
dc.subject
MINIMUM LEVEL
dc.subject
NATIONAL ACCOUNTS
dc.subject
NEGATIVE IMPACT
dc.subject
NET INCOME
dc.subject
NORMAL DISTRIBUTION
dc.subject
0 HYPOTHESIS
dc.subject
OBSERVED CHANGE
dc.subject
PER CAPITA CONSUMPTION
dc.subject
PER CAPITA EXPENDITURE
dc.subject
PER CAPITA GROWTH
dc.subject
PER CAPITA GROWTH RATE
dc.subject
PER CAPITA INCOME
dc.subject
PER CAPITA INCOME LEVELS
dc.subject
PERSONAL INCOME
dc.subject
POINT ESTIMATES
dc.subject
POLICY MAKERS
dc.subject
POLICY OBJECTIVE
dc.subject
POLICY RESEARCH
dc.subject
POOR
dc.subject
POOR COUNTRIES
dc.subject
POVERTY
dc.subject
POVERTY CHANGES
dc.subject
POVERTY DECLINES
dc.subject
POVERTY GAP
dc.subject
POVERTY HEADCOUNT
dc.subject
POVERTY LINE
dc.subject
POVERTY LINES
dc.subject
POVERTY MEASURE
dc.subject
POVERTY MEASURES
dc.subject
POVERTY RATE
dc.subject
POVERTY REDUCTION
dc.subject
PROPORTIONATE CHANGES
dc.subject
RANDOM EFFECTS
dc.subject
RANDOM EFFECTS MODEL
dc.subject
RELATIVE CONTRIBUTION
dc.subject
RELATIVE CONTRIBUTIONS
dc.subject
RELATIVE IMPORTANCE
dc.subject
RELATIVE INCOME
dc.subject
RELATIVE INCOME DISTRIBUTION
dc.subject
RELATIVE INCOMES
dc.subject
RELATIVE POVERTY
dc.subject
RELATIVE ROLE
dc.subject
RESIDUAL TERM
dc.subject
SIMULATIONS
dc.subject
SQUARED POVERTY GAP
dc.subject
STANDARD DEVIATION
dc.subject
UNEQUAL COUNTRIES
dc.subject
WEALTH
dc.title
A Normal Relationship? Poverty, Growth, and Inequality
en
okr.doctype
Publications & Research :: Policy Research Working Paper
okr.doctype
Publications & Research
okr.docurl
http://documents.worldbank.org/curated/en/2006/01/6525961/normal-relationship-poverty-growth-inequality
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Poverty
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/1813-9450-3814
okr.identifier.externaldocumentum
000016406_20060110164713
okr.identifier.internaldocumentum
6525961
okr.identifier.report
WPS3814
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2006/01/10/000016406_20060110164713/Rendered/PDF/wps3814.pdf
en
okr.topic
Poverty Reduction :: Achieving Shared Growth
okr.topic
Macroeconomics and Economic Growth :: Economic Conditions and Volatility
okr.topic
Poverty Reduction :: Poverty Impact Evaluation
okr.topic
Services and Transfers to Poor
okr.topic
Poverty Reduction :: Inequality
okr.unit
Development Research Group (DECRG)
okr.volume
1 of 1

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