Distributions in Motion : Economic Growth, Inequality, and Poverty Dynamics

The joint determination of aggregate economic growth and distributional change has been studied empirically from at least three different perspectives. A macroeconomic approach that relies on cross-country data on poverty, inequality, and growth rates has generated some interesting stylized facts about the correlations between these variables, but has not shed much light on the underlying determinants. "Meso-" and microeconomic approaches have fared somewhat better. The microeconomic approach, in particular, builds on the observation that growth, changes in poverty, and changes in inequality are simply different aggregations of information on the incidence of economic growth along the income distribution. This paper reviews the evolution of attempts to understand the nature of growth incidence curves, from the statistical decompositions associated with generalizations of the Oaxaca-Blinder method, to more recent efforts to generate "economically consistent" counterfactuals, drawing on structural, reduced-form, and computable general equilibrium models.

Bibliographic Details

Main Author:	Ferreira, Francisco H.G.
Language:	English
Published:	2010-09
Subjects:	ABSOLUTE VALUE, AGGREGATE FUNCTIONS, AGGREGATE INEQUALITY, AGRICULTURAL GROWTH, AGRICULTURE, ANNUAL GROWTH, ANNUAL GROWTH RATE, ASSET DISTRIBUTION, ASSET INEQUALITY, ASYMMETRIC INFORMATION, AVERAGE GROWTH, AVERAGE INCOME, AVERAGE INCOME GROWTH, AVERAGE INCOMES, AVERAGE RATE, CASH TRANSFERS, CONSUMPTION EXPENDITURES, COUNTERFACTUAL, COUNTRY CASE, COUNTRY CHARACTERISTICS, COUNTRY LEVEL, CUMULATIVE DISTRIBUTION, DATA AVAILABILITY, DATA SET, DATA SETS, DECOMPOSITION TECHNIQUES, DENSITY FUNCTION, DEVALUATION, DEVELOPING COUNTRIES, DEVELOPMENT ECONOMICS, DISAGGREGATED LEVEL, DISTORTIONARY TAXATION, DISTRIBUTION COMPONENT, DISTRIBUTION FUNCTION, DISTRIBUTION FUNCTIONS, DISTRIBUTIONAL CHANGE, DISTRIBUTIONAL CHANGES, DISTRIBUTIONAL DYNAMICS, DISTRIBUTIVE POLITICS, DYNAMIC SETTING, EARNINGS INEQUALITY, ECONOMETRIC ANALYSIS, ECONOMIC ACTIVITY, ECONOMIC DEVELOPMENT, ECONOMIC EQUILIBRIUM, ECONOMIC GROWTH, ECONOMIC INEQUALITY, ECONOMIC RELATIONS, ECONOMIC REVIEW, ECONOMIC STRUCTURE, ECONOMIC STUDIES, ECONOMIC THEORY, ECONOMICS, EDUCATED WORKERS, EDUCATIONAL ATTAINMENT, EMPIRICAL FINDINGS, EMPIRICAL LITERATURE, EMPIRICAL REGULARITIES, ENDOGENOUS GROWTH, ENDOGENOUS VARIABLES, EQUILIBRIUM, ESTIMATED COEFFICIENTS, EXCHANGE RATE, EXCHANGE RATES, EXOGENOUS SHOCKS, EXOGENOUS VARIABLES, EXTREME POVERTY, FALLING POVERTY, FARM PRODUCTIVITY, FIXED EFFECTS, FUNCTIONAL FORM, FUNCTIONAL FORMS, FUTURE RESEARCH, GDP, GDP PER CAPITA, GENERAL EQUILIBRIUM MODEL, GINI COEFFICIENT, GINI INDEX, GROWTH COMPONENT, GROWTH ELASTICITY, GROWTH PERFORMANCE, GROWTH RATE, GROWTH RATES, GROWTH SPELLS, GROWTH THEORY, HIGHER INEQUALITY, HOUSEHOLD HEADS, HOUSEHOLD INCOME, HOUSEHOLD INCOMES, HOUSEHOLD MEMBERS, HOUSEHOLD SURVEY, HOUSEHOLD SURVEYS, HUMAN CAPITAL, IMPACT ON POVERTY, IMPERFECT CREDIT, INCIDENCE ANALYSIS, INCIDENCE OF POVERTY, INCOME, INCOME CONSTANT, INCOME DIFFERENCES, INCOME DISTRIBUTION, INCOME DISTRIBUTIONS, INCOME DYNAMICS, INCOME GROWTH, INCOME GROWTH RATE, INCOME INEQUALITY, INCOME LEVEL, INCOME LEVELS, INCREASING INEQUALITY, INCREASING RETURNS, INDIVIDUAL COUNTRIES, INDIVIDUAL GROWTH RATES, INDIVIDUAL INCOMES, INEQUALITY, INEQUALITY CHANGE, INEQUALITY CHANGES, INEQUALITY DYNAMICS, INEQUALITY ELASTICITY, INEQUALITY INDEX, INEQUALITY MEASURE, INEQUALITY MEASUREMENT, INEQUALITY MEASURES, INEQUALITY TRENDS, INFANT MORTALITY, INFLATION, INFLATION RATE, INFLATION RATES, INSURANCE, INSURANCE MARKETS, INTERNATIONAL POVERTY LINE, LABOR FORCE, LABOR MARKET, LABOR MARKETS, LAGGED INEQUALITY, LORENZ CURVE, MACROECONOMIC POLICIES, MACROECONOMICS, MARKET FAILURES, MEAN INCOME, MEAN INCOMES, MEASUREMENT ERROR, MEDIAN VOTER, MORTALITY RATES, NATIONAL ACCOUNTS, NEGATIVE EFFECT, NEGATIVE GROWTH, 0 HYPOTHESIS, OLD ISSUES, OUTPUT GROWTH, PATH DEPENDENCE, POLICY CHANGE, POLICY CHANGES, POLICY CIRCLES, POLICY INTERVENTION, POLICY ISSUES, POLICY RESEARCH, POLICY VARIABLES, POLITICAL ECONOMY, POOR, POVERTY CHANGES, POVERTY DYNAMICS, POVERTY HEADCOUNT, POVERTY INDEX, POVERTY LINE, POVERTY LINES, POVERTY MEASURE, POVERTY MEASUREMENT, POVERTY MEASURES, POVERTY RATES, POVERTY REDUCTION, POVERTY REDUCTIONS, POVERTY TRAPS, POVERTY ­ GROWTH, PRICE STABILIZATION, PRODUCTION SETS, PROPORTIONAL CHANGE, PUBLIC GOODS, PUBLIC INVESTMENT, PUBLIC SPENDING, REDUCED POVERTY, REDUCING POVERTY, RELATIVE IMPORTANCE, RELATIVE INCOME, RELATIVE INCOMES, RELATIVE INEQUALITY, RELATIVE POSITION, RESIDUAL COMPONENT, RESIDUAL TERM, RISING INEQUALITY, RURAL, RURAL ECONOMY, SOCIAL ASSISTANCE, STRUCTURAL CHANGE, TECHNOLOGICAL PROGRESS, TOTAL OUTPUT, TRADE LIBERALIZATION, TRADE POLICY, TRUSTS, UNEMPLOYMENT, UNEQUAL DISTRIBUTION, UNEQUAL SOCIETIES, URBAN AREAS, WAGE DISCRIMINATION, WAGE RATES, WAGES, WEALTH,
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100916132713 https://hdl.handle.net/10986/3908
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