Inflation and the Poor
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....
| Main Authors: | , |
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2000/05/437689/inflation-poor http://hdl.handle.net/10986/18842 |
| Summary: | 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. |
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