Economic Mobility in Vietnam in the 1990s

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 mob...

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Bibliographic Details
Main Authors:	Glewwe, Paul, Nguyen, Phong
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, D.C. 2013
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 http://hdl.handle.net/10986/14803

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Summary:	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.

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