May Growth Lead to Higher Deprivation Despite Higher Satisfaction?
In a relative deprivation framework, unless inequality is reduced, growth is associated with both higher satisfaction and higher deprivation. This may help explain the discontent with growth despite its benefits. As is well known in the literatur...
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| Format: | Policy Research Working Paper |
| Language: | English |
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2012
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| 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_20090429155103 http://hdl.handle.net/10986/4111 |
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okr-10986-41112021-04-23T14:02:15Z May Growth Lead to Higher Deprivation Despite Higher Satisfaction? Wodon, Quentin Yitzhaki, Shlomo ABSOLUTE AMOUNT AMOUNT OF INCOME COMMODITIES COMMODITY CONSUMER CONSUMER BEHAVIOR DECREASING FUNCTION DIMINISHING MARGINAL UTILITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INEQUALITY ECONOMIC MODELS ECONOMIC PERFORMANCE ECONOMIC RESEARCH ECONOMIC REVIEW ECONOMIC THEORY EMPIRICAL EVIDENCE EMPIRICAL RESEARCH GDP GDP PER CAPITA GENERAL EQUILIBRIUM GINI COEFFICIENT GINI INDEX GROWTH PROCESS IMPERFECT COMPETITION IMPERFECT INFORMATION INCOME INCOME DISTRIBUTION INCOME INEQUALITY INCOMES INCREASING FUNCTION INEQUALITY INDEX INEQUALITY MEASURE INEQUALITY MEASURES LABOUR LORENZ CURVE MARGINAL COST MARGINAL UTILITY MARKET ECONOMY MEAN INCOME MORTALITY MOTIVATION PER CAPITA INCOME POLICY RESEARCH PUBLIC ECONOMICS PUBLIC POLICY RELATIVE INCOME SOCIAL WELFARE UTILITY FUNCTION VALUATION WAGE WELL-BEING WORTH In a relative deprivation framework, unless inequality is reduced, growth is associated with both higher satisfaction and higher deprivation. This may help explain the discontent with growth despite its benefits. As is well known in the literature, knowledge of the population's mean income and Lorenz curve is all that is needed to analyze a distribution, so that this can also be used to assess the satisfaction and deprivation of each individual. Given the normalization used to derive the satisfaction and deprivation measures, satisfaction and deprivation add up to the mean income for the population as a whole as well as for each individual. 2012-03-19T19:10:11Z 2012-03-19T19:10:11Z 2009-04-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090429155103 http://hdl.handle.net/10986/4111 English Policy Research working paper ; no. WPS 4921 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region The World Region |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ABSOLUTE AMOUNT AMOUNT OF INCOME COMMODITIES COMMODITY CONSUMER CONSUMER BEHAVIOR DECREASING FUNCTION DIMINISHING MARGINAL UTILITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INEQUALITY ECONOMIC MODELS ECONOMIC PERFORMANCE ECONOMIC RESEARCH ECONOMIC REVIEW ECONOMIC THEORY EMPIRICAL EVIDENCE EMPIRICAL RESEARCH GDP GDP PER CAPITA GENERAL EQUILIBRIUM GINI COEFFICIENT GINI INDEX GROWTH PROCESS IMPERFECT COMPETITION IMPERFECT INFORMATION INCOME INCOME DISTRIBUTION INCOME INEQUALITY INCOMES INCREASING FUNCTION INEQUALITY INDEX INEQUALITY MEASURE INEQUALITY MEASURES LABOUR LORENZ CURVE MARGINAL COST MARGINAL UTILITY MARKET ECONOMY MEAN INCOME MORTALITY MOTIVATION PER CAPITA INCOME POLICY RESEARCH PUBLIC ECONOMICS PUBLIC POLICY RELATIVE INCOME SOCIAL WELFARE UTILITY FUNCTION VALUATION WAGE WELL-BEING WORTH |
| spellingShingle |
ABSOLUTE AMOUNT AMOUNT OF INCOME COMMODITIES COMMODITY CONSUMER CONSUMER BEHAVIOR DECREASING FUNCTION DIMINISHING MARGINAL UTILITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INEQUALITY ECONOMIC MODELS ECONOMIC PERFORMANCE ECONOMIC RESEARCH ECONOMIC REVIEW ECONOMIC THEORY EMPIRICAL EVIDENCE EMPIRICAL RESEARCH GDP GDP PER CAPITA GENERAL EQUILIBRIUM GINI COEFFICIENT GINI INDEX GROWTH PROCESS IMPERFECT COMPETITION IMPERFECT INFORMATION INCOME INCOME DISTRIBUTION INCOME INEQUALITY INCOMES INCREASING FUNCTION INEQUALITY INDEX INEQUALITY MEASURE INEQUALITY MEASURES LABOUR LORENZ CURVE MARGINAL COST MARGINAL UTILITY MARKET ECONOMY MEAN INCOME MORTALITY MOTIVATION PER CAPITA INCOME POLICY RESEARCH PUBLIC ECONOMICS PUBLIC POLICY RELATIVE INCOME SOCIAL WELFARE UTILITY FUNCTION VALUATION WAGE WELL-BEING WORTH Wodon, Quentin Yitzhaki, Shlomo May Growth Lead to Higher Deprivation Despite Higher Satisfaction? |
| geographic_facet |
The World Region The World Region |
| relation |
Policy Research working paper ; no. WPS 4921 |
| description |
In a relative deprivation framework,
unless inequality is reduced, growth is associated with both
higher satisfaction and higher deprivation. This may help
explain the discontent with growth despite its benefits. As
is well known in the literature, knowledge of the
population's mean income and Lorenz curve is all that
is needed to analyze a distribution, so that this can also
be used to assess the satisfaction and deprivation of each
individual. Given the normalization used to derive the
satisfaction and deprivation measures, satisfaction and
deprivation add up to the mean income for the population as
a whole as well as for each individual. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Wodon, Quentin Yitzhaki, Shlomo |
| author_facet |
Wodon, Quentin Yitzhaki, Shlomo |
| author_sort |
Wodon, Quentin |
| title |
May Growth Lead to Higher Deprivation Despite Higher Satisfaction? |
| title_short |
May Growth Lead to Higher Deprivation Despite Higher Satisfaction? |
| title_full |
May Growth Lead to Higher Deprivation Despite Higher Satisfaction? |
| title_fullStr |
May Growth Lead to Higher Deprivation Despite Higher Satisfaction? |
| title_full_unstemmed |
May Growth Lead to Higher Deprivation Despite Higher Satisfaction? |
| title_sort |
may growth lead to higher deprivation despite higher satisfaction? |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090429155103 http://hdl.handle.net/10986/4111 |
| _version_ |
1764389966474903552 |