Inflation and the poor
AbstractUsing 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.
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Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 2335.
Date of creation: 31 May 2000
Date of revision:
Economic Theory&Research; Environmental Economics&Policies; Economic Conditions and Volatility; Payment Systems&Infrastructure; Health Indicators; Inflation; Environmental Economics&Policies; Economic Theory&Research; Economic Conditions and Volatility;
Other versions of this item:
- Easterly, William & Fischer, Stanley, 2001. "Inflation and the Poor," Journal of Money, Credit and Banking, Blackwell Publishing, Blackwell Publishing, vol. 33(2), pages 160-78, May.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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