Links between Growth, Inequality, and Poverty : A Survey
Is there a trade-off between raising growth and reducing inequality and poverty? This paper reviews the theoretical and empirical literature on the complex links between growth, inequality, and poverty, with causation going in both directions. The...
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/en/112911616770024923/Links-between-Growth-Inequality-and-Poverty-A-Survey http://hdl.handle.net/10986/35355 |
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okr-10986-353552022-09-20T00:09:25Z Links between Growth, Inequality, and Poverty : A Survey Cerra, Valerie Lama, Ruy Loayza, Norman V. ECONOMIC GROWTH INEQUALITY INCOME DISTRIBUTION INCLUSIVE GROWTH POVERTY LOW-SKILLED LABOR GROWTH DRIVERS Is there a trade-off between raising growth and reducing inequality and poverty? This paper reviews the theoretical and empirical literature on the complex links between growth, inequality, and poverty, with causation going in both directions. The evidence suggests that growth can be effective in reducing poverty, but its impact on inequality is ambiguous and depends on the underlying sources of growth. The impact of poverty and inequality on growth is likewise ambiguous, as several channels mediate the relationship. But most plausible mechanisms suggest that poverty and inequality reduce growth, at least in the long run. Policies play a role in shaping these relationships and those designed to improve equality of opportunity can simultaneously improve inclusiveness and growth. 2021-04-02T13:53:23Z 2021-04-02T13:53:23Z 2021-03 Working Paper http://documents.worldbank.org/curated/en/112911616770024923/Links-between-Growth-Inequality-and-Poverty-A-Survey http://hdl.handle.net/10986/35355 English Policy Research Working Paper;No. 9603 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ECONOMIC GROWTH INEQUALITY INCOME DISTRIBUTION INCLUSIVE GROWTH POVERTY LOW-SKILLED LABOR GROWTH DRIVERS |
| spellingShingle |
ECONOMIC GROWTH INEQUALITY INCOME DISTRIBUTION INCLUSIVE GROWTH POVERTY LOW-SKILLED LABOR GROWTH DRIVERS Cerra, Valerie Lama, Ruy Loayza, Norman V. Links between Growth, Inequality, and Poverty : A Survey |
| relation |
Policy Research Working Paper;No. 9603 |
| description |
Is there a trade-off between raising
growth and reducing inequality and poverty? This paper
reviews the theoretical and empirical literature on the
complex links between growth, inequality, and poverty, with
causation going in both directions. The evidence suggests
that growth can be effective in reducing poverty, but its
impact on inequality is ambiguous and depends on the
underlying sources of growth. The impact of poverty and
inequality on growth is likewise ambiguous, as several
channels mediate the relationship. But most plausible
mechanisms suggest that poverty and inequality reduce
growth, at least in the long run. Policies play a role in
shaping these relationships and those designed to improve
equality of opportunity can simultaneously improve
inclusiveness and growth. |
| format |
Working Paper |
| author |
Cerra, Valerie Lama, Ruy Loayza, Norman V. |
| author_facet |
Cerra, Valerie Lama, Ruy Loayza, Norman V. |
| author_sort |
Cerra, Valerie |
| title |
Links between Growth, Inequality, and Poverty : A Survey |
| title_short |
Links between Growth, Inequality, and Poverty : A Survey |
| title_full |
Links between Growth, Inequality, and Poverty : A Survey |
| title_fullStr |
Links between Growth, Inequality, and Poverty : A Survey |
| title_full_unstemmed |
Links between Growth, Inequality, and Poverty : A Survey |
| title_sort |
links between growth, inequality, and poverty : a survey |
| publisher |
World Bank, Washington, DC |
| publishDate |
2021 |
| url |
http://documents.worldbank.org/curated/en/112911616770024923/Links-between-Growth-Inequality-and-Poverty-A-Survey http://hdl.handle.net/10986/35355 |
| _version_ |
1764482861353664512 |