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Economic mobility along the business cycle. The case of Peru

Author

Listed:
  • Diego Winkelried

    (Universidad del Pacífico (Lima, Perú))

  • Javier Torres

    (Universidad del Pacífico (Lima, Perú))

Abstract

The performance of Latin American countries in reducing poverty and expanding the middle class has been remarkable. By taking a close look at the Peruvian experience, we explore how this aggregate behavior relates to business cycle conditions and if it is shared by population groups with different characteristics. We find social mobility to be cyclical, with recessions followed by a rise in downward mobility and strong economic growth driving boosts in upward mobility. Furthermore, the reduction in poverty appears to be the result of a sustained increase in the poverty exit rate, shared similarly among heterogeneous groups, together with a prolonged decrease in the poverty entry rate, especially for households regarded as initially disadvantaged.

Suggested Citation

  • Diego Winkelried & Javier Torres, 2017. "Economic mobility along the business cycle. The case of Peru," Working Papers 115, Peruvian Economic Association.
    • Handle: RePEc:apc:wpaper:2017-115
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    Cited by:

    1. Diego Winkelried & Bruno Escobar, 2022. "Declining inequality in Latin America? Robustness checks for Peru," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 20(1), pages 223-243, March.
    2. Rodrigo Carrillo Valles & Patricia Lopez Rodriguez & Isidro Soloaga, 2020. "Dinamicas de pobreza en Mexico, 2008-2018," EconoQuantum, Revista de Economia y Finanzas, Universidad de Guadalajara, Centro Universitario de Ciencias Economico Administrativas, Departamento de Metodos Cuantitativos y Maestria en Economia., vol. 17(2), pages 7-32, Julio-Dic.
    3. Nelson R. Ramírez- Rondán & Marco E. Terrones & Diego Winkelried, 2020. "Equalizing growth: The case of Peru," Working Papers 176, Peruvian Economic Association.
    4. Nartikoev, Alan & Peresetsky, Anatoly, 2020. "Эндогенная Классификация Домохозяйств В Регионах России [Endogenous household classification: Russian regions]," MPRA Paper 104351, University Library of Munich, Germany.

    More about this item

    Keywords

    Poverty dynamics; pro-poor growth; pseudopanel data; Latin America;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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