Economic Mobility in Vietnam in the 1990s

Vietnam's high economic growth in the 1990s led to sharp reductions in poverty, yet over the same time period inequality increased. This increased inequality may be less worrisome if Vietnamese households experience a high degree of income mobility over time. This is because high mobility implies that the long-run distribution of income is more equally distributed than the short-run distribution, since some individuals or households are poor in some years, while others are poor in other years. The authors examine economic mobility in Vietnam using recent household survey panel data. The problem of measurement error in the income variable, which exaggerates the degree of economic mobility, is directly addressed. Correcting for measurement error dramatically changes the results. At least one half of measured mobility is because of measurement error.

Bibliographic Details

Main Authors:	Glewwe, Paul, Nguyen, Phong
Language:	English en_US
Published:	World Bank, Washington, D.C. 2002-05
Subjects:	CONSUMPTION EXPENDITURES, COVARIANCE, DATA SET, DEVELOPING COUNTRIES, DURABLE GOODS, DWELLING, ECONOMETRIC ANALYSIS, ECONOMETRICS, ECONOMIC GROWTH, ECONOMIC REVIEW, ECONOMIC THEORY, EMPIRICAL FINDINGS, EMPIRICAL STUDIES, EMPIRICAL WORK, EQUATIONS, GDP, GENERAL EQUILIBRIUM MODEL, GINI COEFFICIENT, HEALTH OUTCOMES, HOUSEHOLD INCOME, HOUSEHOLD MEMBERS, HOUSEHOLD SURVEYS, HOUSEHOLDS, INCOME, INCOME DATA, INCOME DISTRIBUTIONS, INCOME GROWTH, INCOMES, INCREASED INEQUALITY, INCREASING INEQUALITY, INEQUALITY, INHABITANTS, INSTRUMENTAL VARIABLES, INTERGENERATIONAL MOBILITY, LABOR MARKET, LIVING STANDARDS, MACROECONOMICS, MATRICES, MATRIX, MEASUREMENT ERROR, MEASUREMENT ERRORS, MOBILITY, NEGATIVE CORRELATION, PER CAPITA CONSUMPTION, PER CAPITA INCOME, POLICY IMPLICATIONS, POLICY OPTIONS, POLICY RESEARCH, POOR COUNTRIES, POSITIVE CORRELATION, POVERTY REDUCTION, PROBABILITY, RANDOM ERRORS, REAL EXCHANGE RATE, REASONING, REDUCING POVERTY, REGRESSION RESULTS, RELATIVE POSITION, SAMPLE DESIGN, SAMPLE SIZE, STANDARD DEVIATION, STANDARD DEVIATIONS, STANDARD ERRORS, TIME SERIES, USE VALUE, VALIDITY, WEALTH ECONOMIC GROWTH, INCOME DISTRIBUTION,
Online Access:	http://documents.worldbank.org/curated/en/2002/05/1782530/economic-mobility-vietnam-1990s https://hdl.handle.net/10986/14803
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