"Using a large cross-country income distribution dataset spanning close to 800 country-year observations from industrial and developing countries, the authors show that the size distribution of per capita income is well approximated empirically by a lognormal density. The null hypothesis that p...

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Bibliographic Details

Main Authors:	López, J. Humberto 1965- (Author), Servén, Luis (Author)
Format:	Electronic eBook
Language:	English
Published:	[Washington, D.C] World Bank 2006
Series:	Policy research working paper 3814
Subjects:	Wirtschaftsentwicklung Economic development > Case studies Income distribution > Case studies Poverty > Case studies Fallstudiensammlung
Online Access:	Volltext
Summary:	"Using a large cross-country income distribution dataset spanning close to 800 country-year observations from industrial and developing countries, the authors show that the size distribution of per capita income is well approximated empirically by a lognormal density. The null hypothesis that per capita income follows a lognormal distribution cannot be rejected-although the same hypothesis is unambiguously rejected when applied to per capita consumption. The authors show that lognormality of per capita income has important implications for the relative roles of income growth and inequality changes in poverty reduction. When poverty reduction is the overriding policy objective, poorer and relatively equal countries may be willing to tolerate modest increases in income inequality in exchange for faster growth-more so than richer and highly unequal countries. "--World Bank web site
Item Description:	Includes bibliographical references. - Title from PDF file as viewed on 1/12/2006 Erscheinungsjahr in Vorlageform:[2006] Weitere Ausgabe: Lopez, J. Humberto: A normal relationship?
Physical Description:	1 Online-Ressource (30 Seiten)