Inequality is Bad for the Poor

It has been argued that inequality should be of little concern in poor countries on the grounds that (1) absolute poverty in terms of consumption (or income) is the overriding issue in poor countries, and (2) the only thing that really matters to reducing absolute income poverty is the rate of econo...

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Main Author:	Ravallion, Martin
Format:	Publications & Research
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ABSOLUTE POVERTY ABSOLUTE VALUE ADVERSE IMPACT AGGREGATE GROWTH AGGREGATE OUTPUT AGRICULTURAL GROWTH ANNUAL GROWTH ANNUAL GROWTH RATE ANNUAL RATE AVERAGE INCOME AVERAGE INEQUALITY BALANCED GROWTH CAPITAL MARKET CAPITAL MARKET FAILURES CHANGING INCOME DISTRIBUTION CONSUMPTION GROWTH COUNTRY LEVEL CREDIT MARKET CROSS-COUNTRY COMPARISONS CUMULATIVE DISTRIBUTION CUMULATIVE DISTRIBUTION FUNCTION DATA ISSUES DATA SETS DATA SOURCES DENSITY FUNCTION DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING WORLD DEVELOPMENT INDICATORS DEVELOPMENT REPORT DEVELOPMENT RESEARCH DEVELOPMENT STUDIES DISTRIBUTIONAL DATA DISTRIBUTIONAL TERM ECONOMIC ACTIVITY ECONOMIC CONTRACTION ECONOMIC GROWTH EMPIRICAL EVIDENCE EMPIRICAL RELATIONSHIP EQUITABLE DISTRIBUTION EXTERNALITIES EXTREME POVERTY FINANCIAL CRISIS GINI INDEX GROWING ECONOMY GROWTH COMPONENT GROWTH ELASTICITY GROWTH EPISODES GROWTH INCIDENCE GROWTH PROCESS GROWTH PROSPECTS GROWTH RATES HEADCOUNT INDEX HIGH GROWTH HIGH INEQUALITY HIGH INEQUALITY COUNTRIES HOUSEHOLD INCOME HOUSEHOLD LEVEL HOUSEHOLD SURVEY HOUSEHOLD SURVEYS INCOME DISPARITIES INCOME DISTRIBUTION INCOME GROWTH INCOME INEQUALITY INCOME POVERTY INEQUALITY CHANGES INEQUALITY FALLS INEQUALITY INDEX INEQUALITY MEASURE INEQUALITY MEASURES INEQUALITY WILL INFLATION LIVING STANDARDS LOCAL LEVEL LOG GINI LOW INEQUALITY MACROECONOMIC ENVIRONMENT MACROECONOMIC INSTABILITY MARKET ECONOMY MARKET FAILURES MEAN CONSUMPTION MEAN GROWTH MEAN INCOME MEAN INCOMES MEASUREMENT ERROR MEASUREMENT ERRORS MORAL HAZARD NATIONAL ACCOUNTS PER CAPITA INCOME POINT DECLINE POLICY CHANGES POLICY MAKERS POLICY REFORMS POLICY RESEARCH POOR AREAS POOR COUNTRIES POOR PEOPLE POSITIVE CORRELATION POVERTY ANALYSIS POVERTY GAP POVERTY IMPACT POVERTY LINE POVERTY MEASURES POVERTY RATE POVERTY RATES POVERTY REDUCTION POVERTY RISES POVERTY-REDUCING IMPACT PRIVATE CONSUMPTION PRIVATE PRODUCTION PRO-POOR PRO-POOR GROWTH PROPORTIONATE CHANGES PUBLIC GOODS PUBLIC INFRASTRUCTURE PURCHASING POWER PURCHASING POWER PARITY RAPID GROWTH REAL TERMS REDUCED INEQUALITY REDUCING INEQUALITY REDUCING POVERTY REGIONAL DISPARITIES RELATIVE INEQUALITY RELATIVE POVERTY RELATIVE PRICES RESEARCH FINDINGS RISING INEQUALITY RURAL AREAS RURAL POVERTY SECTORAL COMPOSITION SERIAL CORRELATION SHARP REDUCTION SIGNIFICANT CORRELATION SOCIAL SERVICES TRADE REGIME URBAN AREAS WEALTH
Online Access:	http://documents.worldbank.org/curated/en/2005/08/6200517/inequality-bad-poor http://hdl.handle.net/10986/8625

id	okr-10986-8625
recordtype	oai_dc
spelling	okr-10986-86252021-04-23T14:02:43Z Inequality is Bad for the Poor Ravallion, Martin ABSOLUTE POVERTY ABSOLUTE VALUE ADVERSE IMPACT AGGREGATE GROWTH AGGREGATE OUTPUT AGRICULTURAL GROWTH ANNUAL GROWTH ANNUAL GROWTH RATE ANNUAL RATE AVERAGE INCOME AVERAGE INEQUALITY BALANCED GROWTH CAPITAL MARKET CAPITAL MARKET FAILURES CHANGING INCOME DISTRIBUTION CONSUMPTION GROWTH COUNTRY LEVEL CREDIT MARKET CROSS-COUNTRY COMPARISONS CUMULATIVE DISTRIBUTION CUMULATIVE DISTRIBUTION FUNCTION DATA ISSUES DATA SETS DATA SOURCES DENSITY FUNCTION DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING WORLD DEVELOPMENT INDICATORS DEVELOPMENT REPORT DEVELOPMENT RESEARCH DEVELOPMENT STUDIES DISTRIBUTIONAL DATA DISTRIBUTIONAL TERM ECONOMIC ACTIVITY ECONOMIC CONTRACTION ECONOMIC GROWTH EMPIRICAL EVIDENCE EMPIRICAL RELATIONSHIP EQUITABLE DISTRIBUTION EXTERNALITIES EXTREME POVERTY FINANCIAL CRISIS GINI INDEX GROWING ECONOMY GROWTH COMPONENT GROWTH ELASTICITY GROWTH EPISODES GROWTH INCIDENCE GROWTH PROCESS GROWTH PROSPECTS GROWTH RATES HEADCOUNT INDEX HIGH GROWTH HIGH INEQUALITY HIGH INEQUALITY COUNTRIES HOUSEHOLD INCOME HOUSEHOLD LEVEL HOUSEHOLD SURVEY HOUSEHOLD SURVEYS INCOME DISPARITIES INCOME DISTRIBUTION INCOME GROWTH INCOME INEQUALITY INCOME POVERTY INEQUALITY CHANGES INEQUALITY FALLS INEQUALITY INDEX INEQUALITY MEASURE INEQUALITY MEASURES INEQUALITY WILL INFLATION LIVING STANDARDS LOCAL LEVEL LOG GINI LOW INEQUALITY MACROECONOMIC ENVIRONMENT MACROECONOMIC INSTABILITY MARKET ECONOMY MARKET FAILURES MEAN CONSUMPTION MEAN GROWTH MEAN INCOME MEAN INCOMES MEASUREMENT ERROR MEASUREMENT ERRORS MORAL HAZARD NATIONAL ACCOUNTS PER CAPITA INCOME POINT DECLINE POLICY CHANGES POLICY MAKERS POLICY REFORMS POLICY RESEARCH POOR AREAS POOR COUNTRIES POOR PEOPLE POSITIVE CORRELATION POVERTY ANALYSIS POVERTY GAP POVERTY IMPACT POVERTY LINE POVERTY MEASURES POVERTY RATE POVERTY RATES POVERTY REDUCTION POVERTY RISES POVERTY-REDUCING IMPACT PRIVATE CONSUMPTION PRIVATE PRODUCTION PRO-POOR PRO-POOR GROWTH PROPORTIONATE CHANGES PUBLIC GOODS PUBLIC INFRASTRUCTURE PURCHASING POWER PURCHASING POWER PARITY RAPID GROWTH REAL TERMS REDUCED INEQUALITY REDUCING INEQUALITY REDUCING POVERTY REGIONAL DISPARITIES RELATIVE INEQUALITY RELATIVE POVERTY RELATIVE PRICES RESEARCH FINDINGS RISING INEQUALITY RURAL AREAS RURAL POVERTY SECTORAL COMPOSITION SERIAL CORRELATION SHARP REDUCTION SIGNIFICANT CORRELATION SOCIAL SERVICES TRADE REGIME URBAN AREAS WEALTH It has been argued that inequality should be of little concern in poor countries on the grounds that (1) absolute poverty in terms of consumption (or income) is the overriding issue in poor countries, and (2) the only thing that really matters to reducing absolute income poverty is the rate of economic growth. The author takes (1) as given but questions (2). He argues that there are a number of ways in which the extent of inequality in a society, and how it evolves over time, influences the extent of poverty today and the prospects for rapid poverty reduction in the future. 2012-06-21T14:29:56Z 2012-06-21T14:29:56Z 2005-08 http://documents.worldbank.org/curated/en/2005/08/6200517/inequality-bad-poor http://hdl.handle.net/10986/8625 English Policy Research Working Paper; No. 3677 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	ABSOLUTE POVERTY ABSOLUTE VALUE ADVERSE IMPACT AGGREGATE GROWTH AGGREGATE OUTPUT AGRICULTURAL GROWTH ANNUAL GROWTH ANNUAL GROWTH RATE ANNUAL RATE AVERAGE INCOME AVERAGE INEQUALITY BALANCED GROWTH CAPITAL MARKET CAPITAL MARKET FAILURES CHANGING INCOME DISTRIBUTION CONSUMPTION GROWTH COUNTRY LEVEL CREDIT MARKET CROSS-COUNTRY COMPARISONS CUMULATIVE DISTRIBUTION CUMULATIVE DISTRIBUTION FUNCTION DATA ISSUES DATA SETS DATA SOURCES DENSITY FUNCTION DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING WORLD DEVELOPMENT INDICATORS DEVELOPMENT REPORT DEVELOPMENT RESEARCH DEVELOPMENT STUDIES DISTRIBUTIONAL DATA DISTRIBUTIONAL TERM ECONOMIC ACTIVITY ECONOMIC CONTRACTION ECONOMIC GROWTH EMPIRICAL EVIDENCE EMPIRICAL RELATIONSHIP EQUITABLE DISTRIBUTION EXTERNALITIES EXTREME POVERTY FINANCIAL CRISIS GINI INDEX GROWING ECONOMY GROWTH COMPONENT GROWTH ELASTICITY GROWTH EPISODES GROWTH INCIDENCE GROWTH PROCESS GROWTH PROSPECTS GROWTH RATES HEADCOUNT INDEX HIGH GROWTH HIGH INEQUALITY HIGH INEQUALITY COUNTRIES HOUSEHOLD INCOME HOUSEHOLD LEVEL HOUSEHOLD SURVEY HOUSEHOLD SURVEYS INCOME DISPARITIES INCOME DISTRIBUTION INCOME GROWTH INCOME INEQUALITY INCOME POVERTY INEQUALITY CHANGES INEQUALITY FALLS INEQUALITY INDEX INEQUALITY MEASURE INEQUALITY MEASURES INEQUALITY WILL INFLATION LIVING STANDARDS LOCAL LEVEL LOG GINI LOW INEQUALITY MACROECONOMIC ENVIRONMENT MACROECONOMIC INSTABILITY MARKET ECONOMY MARKET FAILURES MEAN CONSUMPTION MEAN GROWTH MEAN INCOME MEAN INCOMES MEASUREMENT ERROR MEASUREMENT ERRORS MORAL HAZARD NATIONAL ACCOUNTS PER CAPITA INCOME POINT DECLINE POLICY CHANGES POLICY MAKERS POLICY REFORMS POLICY RESEARCH POOR AREAS POOR COUNTRIES POOR PEOPLE POSITIVE CORRELATION POVERTY ANALYSIS POVERTY GAP POVERTY IMPACT POVERTY LINE POVERTY MEASURES POVERTY RATE POVERTY RATES POVERTY REDUCTION POVERTY RISES POVERTY-REDUCING IMPACT PRIVATE CONSUMPTION PRIVATE PRODUCTION PRO-POOR PRO-POOR GROWTH PROPORTIONATE CHANGES PUBLIC GOODS PUBLIC INFRASTRUCTURE PURCHASING POWER PURCHASING POWER PARITY RAPID GROWTH REAL TERMS REDUCED INEQUALITY REDUCING INEQUALITY REDUCING POVERTY REGIONAL DISPARITIES RELATIVE INEQUALITY RELATIVE POVERTY RELATIVE PRICES RESEARCH FINDINGS RISING INEQUALITY RURAL AREAS RURAL POVERTY SECTORAL COMPOSITION SERIAL CORRELATION SHARP REDUCTION SIGNIFICANT CORRELATION SOCIAL SERVICES TRADE REGIME URBAN AREAS WEALTH
spellingShingle	ABSOLUTE POVERTY ABSOLUTE VALUE ADVERSE IMPACT AGGREGATE GROWTH AGGREGATE OUTPUT AGRICULTURAL GROWTH ANNUAL GROWTH ANNUAL GROWTH RATE ANNUAL RATE AVERAGE INCOME AVERAGE INEQUALITY BALANCED GROWTH CAPITAL MARKET CAPITAL MARKET FAILURES CHANGING INCOME DISTRIBUTION CONSUMPTION GROWTH COUNTRY LEVEL CREDIT MARKET CROSS-COUNTRY COMPARISONS CUMULATIVE DISTRIBUTION CUMULATIVE DISTRIBUTION FUNCTION DATA ISSUES DATA SETS DATA SOURCES DENSITY FUNCTION DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING WORLD DEVELOPMENT INDICATORS DEVELOPMENT REPORT DEVELOPMENT RESEARCH DEVELOPMENT STUDIES DISTRIBUTIONAL DATA DISTRIBUTIONAL TERM ECONOMIC ACTIVITY ECONOMIC CONTRACTION ECONOMIC GROWTH EMPIRICAL EVIDENCE EMPIRICAL RELATIONSHIP EQUITABLE DISTRIBUTION EXTERNALITIES EXTREME POVERTY FINANCIAL CRISIS GINI INDEX GROWING ECONOMY GROWTH COMPONENT GROWTH ELASTICITY GROWTH EPISODES GROWTH INCIDENCE GROWTH PROCESS GROWTH PROSPECTS GROWTH RATES HEADCOUNT INDEX HIGH GROWTH HIGH INEQUALITY HIGH INEQUALITY COUNTRIES HOUSEHOLD INCOME HOUSEHOLD LEVEL HOUSEHOLD SURVEY HOUSEHOLD SURVEYS INCOME DISPARITIES INCOME DISTRIBUTION INCOME GROWTH INCOME INEQUALITY INCOME POVERTY INEQUALITY CHANGES INEQUALITY FALLS INEQUALITY INDEX INEQUALITY MEASURE INEQUALITY MEASURES INEQUALITY WILL INFLATION LIVING STANDARDS LOCAL LEVEL LOG GINI LOW INEQUALITY MACROECONOMIC ENVIRONMENT MACROECONOMIC INSTABILITY MARKET ECONOMY MARKET FAILURES MEAN CONSUMPTION MEAN GROWTH MEAN INCOME MEAN INCOMES MEASUREMENT ERROR MEASUREMENT ERRORS MORAL HAZARD NATIONAL ACCOUNTS PER CAPITA INCOME POINT DECLINE POLICY CHANGES POLICY MAKERS POLICY REFORMS POLICY RESEARCH POOR AREAS POOR COUNTRIES POOR PEOPLE POSITIVE CORRELATION POVERTY ANALYSIS POVERTY GAP POVERTY IMPACT POVERTY LINE POVERTY MEASURES POVERTY RATE POVERTY RATES POVERTY REDUCTION POVERTY RISES POVERTY-REDUCING IMPACT PRIVATE CONSUMPTION PRIVATE PRODUCTION PRO-POOR PRO-POOR GROWTH PROPORTIONATE CHANGES PUBLIC GOODS PUBLIC INFRASTRUCTURE PURCHASING POWER PURCHASING POWER PARITY RAPID GROWTH REAL TERMS REDUCED INEQUALITY REDUCING INEQUALITY REDUCING POVERTY REGIONAL DISPARITIES RELATIVE INEQUALITY RELATIVE POVERTY RELATIVE PRICES RESEARCH FINDINGS RISING INEQUALITY RURAL AREAS RURAL POVERTY SECTORAL COMPOSITION SERIAL CORRELATION SHARP REDUCTION SIGNIFICANT CORRELATION SOCIAL SERVICES TRADE REGIME URBAN AREAS WEALTH Ravallion, Martin Inequality is Bad for the Poor
relation	Policy Research Working Paper; No. 3677
description	It has been argued that inequality should be of little concern in poor countries on the grounds that (1) absolute poverty in terms of consumption (or income) is the overriding issue in poor countries, and (2) the only thing that really matters to reducing absolute income poverty is the rate of economic growth. The author takes (1) as given but questions (2). He argues that there are a number of ways in which the extent of inequality in a society, and how it evolves over time, influences the extent of poverty today and the prospects for rapid poverty reduction in the future.
format	Publications & Research
author	Ravallion, Martin
author_facet	Ravallion, Martin
author_sort	Ravallion, Martin
title	Inequality is Bad for the Poor
title_short	Inequality is Bad for the Poor
title_full	Inequality is Bad for the Poor
title_fullStr	Inequality is Bad for the Poor
title_full_unstemmed	Inequality is Bad for the Poor
title_sort	inequality is bad for the poor
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2005/08/6200517/inequality-bad-poor http://hdl.handle.net/10986/8625
_version_	1764407660714655744

Inequality is Bad for the Poor

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