Inflation and the poor
Using 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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- Datt, Gaurav & Ravallion, Martin, 1998.
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NBER Working Papers
6793, National Bureau of Economic Research, Inc.
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NBER Working Papers
0303, National Bureau of Economic Research, Inc.
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"What can new survey data tell us about recent changes in distribution and poverty?,"
Policy Research Working Paper Series
1694, The World Bank.
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