Easterly, WilliamFischer, Stanley2014-06-302014-06-302000-05https://hdl.handle.net/10986/18842Using polling data for 31,869 households in 38 countries, and allowing for country effects, the authors show that the poor are more likely than the rich to mention inflation as a top national concern. This result survives several robustness checks. Also, direct measures of improvements in well-being for the poor - the change in their share of national income, the percentage decline in poverty, and the percentage change in the real minimum wage - are negatively correlated with inflation in pooled cross-country samples. High inflation tends to lower the share of the bottom quintile and the real minimum wage - and tends to increase poverty.en-USCC BY 3.0 IGOACTUAL RATE OF INFLATIONAVERAGE INFLATIONAVERAGE PERCENT INFLATIONBONDSBUYING POWERCHANGE IN INFLATIONCPIDEVELOPED COUNTRIESDEVELOPMENT ECONOMICSECONOMIC GROWTHECONOMISTSEFFECT OF INFLATIONEFFECTS OF INFLATIONGDPGDP PER CAPITAGINI COEFFICIENTGROWTH RATEHIGH INFLATIONHUMAN CAPITALHYPERINFLATIONINCOMEINCOME DISTRIBUTIONINCREASE IN INFLATIONINDEXATIONINDUSTRIAL ECONOMIESINFLATIONINFLATION ACROSS COUNTRIESINFLATION AFFECTINFLATION AVERSIONINFLATION BY INDEXATIONINFLATION CONCERNSINFLATION IN CROSS-COUNTRY DATAINFLATION PREFERENCESINFLATION RATEINFLATION RATESINFLATION RESPONSEINFLATION STABILIZATIONINFLATION TAXINFLATION TAX RATEINFLATION TAX RATE DOESINFLATION TAX RATE TRANSFORMATIONLOW INFLATIONLOWER INFLATIONMACROECONOMIC POLICIESMACROECONOMICSMODEST INFLATION RATEMODEST RECENT INFLATIONNATIONAL AVERAGES OF INFLATION AVERSIONNEGATIVE ASSOCIATION BETWEEN INFLATIONPER CAPITAPERCENT INFLATIONPERCENT INFLATION RATEPOVERTY LINEPRICE LEVELQUADRUPLE-DIGIT INFLATIONREAL GDPREAL WAGESRECESSIONSREGRESSION ANALYSISRELATIVE EFFECTS OF INFLATIONRISING INFLATIONSTANDARD OF LIVINGTAXATIONUNEMPLOYMENTVALUE OF MONEYWAGES10.1596/1813-9450-2335