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....

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Main Authors:	Easterly, William, Fischer, Stanley
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
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
Online Access:	http://documents.worldbank.org/curated/en/2000/05/437689/inflation-poor http://hdl.handle.net/10986/18842

id	okr-10986-18842
recordtype	oai_dc
spelling	okr-10986-188422021-04-23T14:03:46Z Inflation and the Poor Easterly, William Fischer, Stanley 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 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. 2014-06-30T18:46:43Z 2014-06-30T18:46:43Z 2000-05 http://documents.worldbank.org/curated/en/2000/05/437689/inflation-poor http://hdl.handle.net/10986/18842 English en_US Policy Research Working Paper;No. 2335 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	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
spellingShingle	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 Easterly, William Fischer, Stanley Inflation and the Poor
relation	Policy Research Working Paper;No. 2335
description	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.
format	Publications & Research :: Policy Research Working Paper
author	Easterly, William Fischer, Stanley
author_facet	Easterly, William Fischer, Stanley
author_sort	Easterly, William
title	Inflation and the Poor
title_short	Inflation and the Poor
title_full	Inflation and the Poor
title_fullStr	Inflation and the Poor
title_full_unstemmed	Inflation and the Poor
title_sort	inflation and the poor
publisher	World Bank, Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2000/05/437689/inflation-poor http://hdl.handle.net/10986/18842
_version_	1764441601165230080

Inflation and the Poor

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