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Chronicle of a Deceleration Foretold: Income inequality in Latin America in the 2010s

Author

Listed:
  • Leonardo Gasparini

    (CEDLAS - UNLP y CONICET)

  • Guillermo Cruces

    (CEDLAS - UNLP y CONICET)

  • Leopoldo Tornarolli

    (CEDLAS - UNLP y CONICET)

Abstract

After a decade of strong progress toward the goal of reducing the high levels of income disparities, there are clear signs of a deceleration in the pace of inequality reduction in Latin America. This paper argues that the deceleration is the result of two set of reasons. First, several of the driving factors of the fall in inequality in the 2000s have lost strength, due to “natural” motives; and second, the external conditions faced by the Latin American economies have worsened in the early 2010s, making further reductions in inequality more difficult.

Suggested Citation

  • Leonardo Gasparini & Guillermo Cruces & Leopoldo Tornarolli, 2016. "Chronicle of a Deceleration Foretold: Income inequality in Latin America in the 2010s," CEDLAS, Working Papers 0198, CEDLAS, Universidad Nacional de La Plata.
    • Handle: RePEc:dls:wpaper:0198
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    References listed on IDEAS

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    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Chronicle of a Deceleration Foretold: Income inequality in Latin America in the 2010s
      by maximorossi in NEP-LTV blog on 2016-07-21 23:14:39

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    Cited by:

    1. Pablo Acosta & Guillermo Cruces & Sebastian Galiani & Leonardo Gasparini, 2019. "Educational upgrading and returns to skills in Latin America: evidence from a supply–demand framework," Latin American Economic Review, Springer;Centro de Investigaciòn y Docencia Económica (CIDE), vol. 28(1), pages 1-20, December.
    2. Giovanni Andrea Cornia, 2020. "Is Rising Inequality Unavoidable in a Globalizing Economy Characterized by Rapid Technical Change?," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 63(1), pages 39-65, March.
    3. Camarena, Jose A. & Galeano, Luciana & Morano, Luis & Puig, Jorge & Riera-Crichton, Daniel & Vegh, Carlos & Venturi, Lucila & Vuletin, Guillermo, 2022. "Fooled by the cycle: Permanent versus cyclical improvements in social indicators," Journal of International Money and Finance, Elsevier, vol. 127(C).
    4. Martín Trombetta, 2023. "The distributional implications of short-term income mobility: evidence for Latin America," Working Papers 241, Red Nacional de Investigadores en Economía (RedNIE).
    5. Gasparini, Leonardo & Galiani, Sebastian & Cruces, Guillermo & Acosta, Pablo A., 2011. "Educational Upgrading and Returns to Skills in Latin America: Evidence from a Supply-Demand Framework, 1990-2010," IZA Discussion Papers 6244, Institute of Labor Economics (IZA).
    6. Ivan Gachet & Diego F. Grijalva & Paúl A. Ponce & Damián Rodríguez, 2019. "Vertical and Horizontal Inequality in Ecuador: The Lack of Sustainability," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 145(3), pages 861-900, October.
    7. Pessino, Carola & Izquierdo, Alejandro & Vuletin, Guillermo, 2018. "Better Spending for Better Lives: How Latin America and the Caribbean Can Do More with Less," IDB Publications (Books), Inter-American Development Bank, number 9152.
    8. Manuel Fernández & Gabriela Serrano, 2022. "New Perspectives on Inequality in Latin America," Documentos CEDE 20295, Universidad de los Andes, Facultad de Economía, CEDE.
    9. Carlos Rodríguez‐Castelán & Luis Felipe López‐Calva & Nora Lustig & Daniel Valderrama, 2022. "Wage inequality in the developing world: Evidence from Latin America," Review of Development Economics, Wiley Blackwell, vol. 26(4), pages 1944-1970, November.
    10. Evans, Alice, 2018. "Politicising inequality: The power of ideas," World Development, Elsevier, vol. 110(C), pages 360-372.
    11. Asma Kanwal & Nwakego Eyisi, 2023. "Income Inequality and Frontend Innovation: Evidence from Frontier Markets," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(1), pages 255-286, March.
    12. Nwakego Eyisi & Hyacinth E. Ichoku & Asma Kanwal, 2024. "Front-end Innovation and Top Income Inequality: Evidence from Emerging Markets," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 1437-1481, March.
    13. Julian Martinez-Correa & Leonardo Peñaloza-Pacheco & Leonardo Gasparini, 2022. "Latin American Brotherhood? Immigration and Preferences for Redistribution," Journal of Development Studies, Taylor & Francis Journals, vol. 58(2), pages 234-258, February.
    14. Leopoldo Tornarolli & Matías Ciaschi & Luciana Galeano, 2018. "Income Distribution in Latin America. The Evolution in the Last 20 Years: A Global Approach," CEDLAS, Working Papers 0234, CEDLAS, Universidad Nacional de La Plata.
    15. Ivan Gachet & Diego F. Grijalva & Paúl A. Ponce & Damián Rodríguez, 2019. "Vertical and Horizontal Inequality in Ecuador: The Lack of Sustainability," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 145(3), pages 861-900, October.
    16. Anderson, Edward, 2022. "The correlates of declining income inequality among emerging and developing economies during the 2000s," World Development, Elsevier, vol. 152(C).
    17. Central Bank of Argentina, 2018. "Globalisation, growth and inequality from an emerging economy perspective," BIS Papers chapters, in: Bank for International Settlements (ed.), Globalisation and deglobalisation, volume 100, pages 57-69, Bank for International Settlements.
    18. Giovanni Andrea Cornia, 2021. "Latin America's Income Inequality Under five Political Regimes, 1870-2018," Working Papers - Economics wp2021_12.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.

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    More about this item

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J82 - Labor and Demographic Economics - - Labor Standards - - - Labor Force Composition
    • N36 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Latin America; Caribbean

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