A note on poverty, inequality and growth
How inequality is generated and how it reproduces over time? This has been a major concern of social scientists for more than a century. The changes in aggregate or average income is a good measure for economic growth but is far from being the only one. There is an increasing “inequality” throughout the world. Over the period 1960-2000, the richest 5 % of the world’s nations averaged a per-capita income that was about twenty-nine times the corresponding figure for the poorest 5 %. Poverty also affects other forms of economic and social functioning. The measurement of poverty is based on the notion of poverty line, which is constructed from monetary estimates of minimum needs. Poverty is highly correlated with the lack of education, and there is an intimate connection between nutrition and poverty. The measurement of inequality is a highly controversial one. It is a field in which there are large differences in social judgments, which translate themselves into differences in social judgments, such as the measure of inequality or the choice of equivalence scale. Social and Economic indicators demonstrate the data for the population based measures on economic, social and health outcomes and answer the question about inequality and well being. This article attempts to examine the relationship between inequality and the process of socio-economic development and also to overview the theories of income inequality and to measure the income distribution and moreover to investigate the role and the effects on socio-economic growth. Keywords: Income distribution, inequality, poverty, convergence, growth.
|Date of creation:||Aug 2004|
|Date of revision:|
|Contact details of provider:|| Postal: Welthandelsplatz 1, 1020 Vienna, Austria|
Web page: http://www.ersa.org
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.:
- J. Mohan Rao, 1998. "Development in the Time of Globalization," Working Papers wp1, Political Economy Research Institute, University of Massachusetts at Amherst.
- Nolan, Brian & Whelan, Christopher T., 1996. "Resources, Deprivation, and Poverty," OUP Catalogue, Oxford University Press, number 9780198287858.
- Vincent P. Crawford & David M. Lilien, 1981. "Social Security and the Retirement Decision," The Quarterly Journal of Economics, Oxford University Press, vol. 96(3), pages 505-529.
- Rolf Aaberge & Anders Björklund & Markus Jäntti & Mårten Palme & Peder J. Pedersen & Nina Smith & Tom Wennemo, 1996.
"Income Inequality and Income Mobility in the Scandinavian Countries Compared to the United States,"
168, Statistics Norway, Research Department.
- Aaberge, Rolf, et al, 2002. "Income Inequality and Income Mobility in the Scandinavian Countries Compared to the United States," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 48(4), pages 443-69, December.
- Aaberge, Rolf & Björklund, Anders & Jäntti, Markus & Palme, Mårten & Pedersen, Peder & Smith, Nina & Wennemo, Tom, 1996. "Income Inequality and Income Mobility in the Scandinavian Countries Compared to the United States," SSE/EFI Working Paper Series in Economics and Finance 98, Stockholm School of Economics, revised Aug 2002.
- Alberto Alesina & Dani Rodrik, 1991.
"Distributive Politics and Economic Growth,"
NBER Working Papers
3668, National Bureau of Economic Research, Inc.
- Baumol, William J. & Nelson, Richard R. & Wolff, Edward N. (ed.), 1994. "Convergence of Productivity: Cross-National Studies and Historical Evidence," OUP Catalogue, Oxford University Press, number 9780195083903.
- Arthur B. Kennickell & Martha Starr-McCluer & Annika E. Sunden, 1997. "Family finances in the U.S.: recent evidence from the Survey of Consumer Finances," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Jan, pages 1-24.
- Slesnick, Daniel T, 1992. "Aggregate Consumption and Saving in the Postwar United States," The Review of Economics and Statistics, MIT Press, vol. 74(4), pages 585-97, November.
- Alberto Alesina & Dani Rodrik, 1994. "Distributive Politics and Economic Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 109(2), pages 465-490.
- Ravallion, Martin & Bidani, Benu, 1994.
"How Robust Is a Poverty Profile?,"
World Bank Economic Review,
World Bank Group, vol. 8(1), pages 75-102, January.
- Desai, Meghnad & Shah, Anup, 1988. "An Econometric Approach to the Measurement of Poverty," Oxford Economic Papers, Oxford University Press, vol. 40(3), pages 505-22, September.
- L. Wade, 1988. "Review," Public Choice, Springer, vol. 58(1), pages 99-100, July.
- Shorrocks, Anthony F, 1983. "Ranking Income Distributions," Economica, London School of Economics and Political Science, vol. 50(197), pages 3-17, February.
- Syrquin, Moshe, 1988. "Patterns of structural change," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 1, chapter 7, pages 203-273 Elsevier.
- Ahluwalia, Montek S., 1976. "Inequality, poverty and development," Journal of Development Economics, Elsevier, vol. 3(4), pages 307-342, December.
- Slesnick, Daniel T, 1993. "Gaining Ground: Poverty in the Postwar United States," Journal of Political Economy, University of Chicago Press, vol. 101(1), pages 1-38, February.
- Atkinson,Anthony Barnes & Micklewright,John, 1992.
"Economic Transformation in Eastern Europe and the Distribution of Income,"
Cambridge University Press, number 9780521438827, June.
- Atkinson,Anthony Barnes & Micklewright,John, 1992. "Economic Transformation in Eastern Europe and the Distribution of Income," Cambridge Books, Cambridge University Press, number 9780521433297, June.
- Ríos Rull, José Víctor & Díaz-Giménez, Javier & Castañeda, Ana, 1995.
"Unemployment spells and income distribution dynamics,"
UC3M Working papers. Economics
3902, Universidad Carlos III de Madrid. Departamento de Economía.
- Ana Castaneda & Javier Diaz-Gimenez & Jose-Victor Rios-Rull, 1995. "Unemployment spells and income distribution dynamics," Working Papers 95-9, Federal Reserve Bank of Philadelphia.
- Mariacristina De Nardi & Liqian Ren & Chao Wei, 2000. "Income inequality and redistribution in five countries," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q II, pages 2-20.
- José-Víctor Ríos-Rull, 1996. "Life-Cycle Economies and Aggregate Fluctuations," Review of Economic Studies, Oxford University Press, vol. 63(3), pages 465-489.
When requesting a correction, please mention this item's handle: RePEc:wiw:wiwrsa:ersa04p500. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Gunther Maier)
If references are entirely missing, you can add them using this form.