Using 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.
Bibliographic Details
| Main Authors: |
Easterly, William,
Fischer, Stanley |
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| Language: | English
en_US |
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| Published: |
World Bank, Washington, DC
2000-05
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| Subjects: | ACTUAL RATE OF INFLATION,
AVERAGE INFLATION,
AVERAGE PERCENT INFLATION,
BONDS,
BUYING POWER,
CHANGE IN INFLATION,
CPI,
DEVELOPED COUNTRIES,
DEVELOPMENT ECONOMICS,
ECONOMIC GROWTH,
ECONOMISTS,
EFFECT OF INFLATION,
EFFECTS OF INFLATION,
GDP,
GDP PER CAPITA,
GINI COEFFICIENT,
GROWTH RATE,
HIGH INFLATION,
HUMAN CAPITAL,
HYPERINFLATION,
INCOME,
INCOME DISTRIBUTION,
INCREASE IN INFLATION,
INDEXATION,
INDUSTRIAL ECONOMIES,
INFLATION,
INFLATION ACROSS COUNTRIES,
INFLATION AFFECT,
INFLATION AVERSION,
INFLATION BY INDEXATION,
INFLATION CONCERNS,
INFLATION IN CROSS-COUNTRY DATA,
INFLATION PREFERENCES,
INFLATION RATE,
INFLATION RATES,
INFLATION RESPONSE,
INFLATION STABILIZATION,
INFLATION TAX,
INFLATION TAX RATE,
INFLATION TAX RATE DOES,
INFLATION TAX RATE TRANSFORMATION,
LOW INFLATION,
LOWER INFLATION,
MACROECONOMIC POLICIES,
MACROECONOMICS,
MODEST INFLATION RATE,
MODEST RECENT INFLATION,
NATIONAL AVERAGES OF INFLATION AVERSION,
NEGATIVE ASSOCIATION BETWEEN INFLATION,
PER CAPITA,
PERCENT INFLATION,
PERCENT INFLATION RATE,
POVERTY LINE,
PRICE LEVEL,
QUADRUPLE-DIGIT INFLATION,
REAL GDP,
REAL WAGES,
RECESSIONS,
REGRESSION ANALYSIS,
RELATIVE EFFECTS OF INFLATION,
RISING INFLATION,
STANDARD OF LIVING,
TAXATION,
UNEMPLOYMENT,
VALUE OF MONEY,
WAGES, |
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| Online Access: | http://documents.worldbank.org/curated/en/2000/05/437689/inflation-poor
https://hdl.handle.net/10986/18842
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