Inflation and the Poor

• Tác giả: William Easterly
• Ngôn ngữ: eng
• Ký hiệu phân loại: 305.56 +Lower, alienated, excluded classes
• Thông tin xuất bản: World Bank, Washington, DC, 2014
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 298986
• Chủ đề: 1. ACTUAL RATE OF INFLATION; 2. AVERAGE INFLATION; 3. AVERAGE PERCENT INFLATION; 4. BONDS; 5. BUYING POWER

Tóm tắt

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.