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Inequality is Bad for Growth of the Poor (But Not for That of the Rich) / van der Weide, Roy
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- van der Weide, Roy
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Equity and Development.
- Growth.
- Inequality.
- Poor.
- Poverty Impact Evaluation.
- Poverty Reduction.
- Services & Transfers to Poor.
- Local Subjects:
- Equity and Development.
- Growth.
- Inequality.
- Poor.
- Poverty Impact Evaluation.
- Poverty Reduction.
- Services & Transfers to Poor.
- Physical Description:
- 1 online resource (40 pages)
- Other Title:
- Inequality is Bad for Growth of the Poor
- Place of Publication:
- Washington, D.C., The World Bank, 2014
- System Details:
- data file
- Summary:
- The paper assesses the impact of overall inequality, as well as inequality among the poor and among the rich, on the growth rates along various percentiles of the income distribution. The analysis uses micro-census data from U.S. states covering the period from 1960 to 2010. The paper finds evidence that high levels of inequality reduce the income growth of the poor and, if anything, help the growth of the rich. When inequality is deconstructed into bottom and top inequality, the analysis finds that it is mostly top inequality that is holding back growth at the bottom.
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