Inflation and the Poor

May 2000 - The poor suffer more from inflation than the rich do, reveals this survey of poor people in 38 countries. Using polling data for 31,869 households in 38 countries and allowing for country effects, Easterly and Fischer show that the poor are more likely than the rich to mention inflation a...

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Bibliographic Details
Main Author: Easterly, William
Other Authors: Fischer, Stanley
Format: eBook
Language:English
Published: Washington, D.C The World Bank 1999
Subjects:
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
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653 |a Inflation 
653 |a Income 
653 |a Markets and Market Access 
653 |a Health Indicators 
653 |a Financial Literacy 
653 |a Stocks 
653 |a Poverty Rates 
653 |a International Economics & Trade 
653 |a Subsidies 
653 |a Minimum Wage 
653 |a Currencies and Exchange Rates 
653 |a Cred Education 
653 |a Access to Markets 
653 |a Information and Communication Technologies 
653 |a Health, Nutrition and Population 
653 |a Financial Instruments 
653 |a Unemployment 
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653 |a Bonds 
653 |a Debt Markets 
653 |a ICT Applications 
653 |a Research Assistance 
653 |a Pensions 
653 |a Finance and Financial Sector Development 
653 |a Wages 
653 |a Economic Theory and Research 
653 |a Poverty Rate 
653 |a Bank 
653 |a ICT for Health 
653 |a Probabilities 
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520 |a May 2000 - The poor suffer more from inflation than the rich do, reveals this survey of poor people in 38 countries. Using polling data for 31,869 households in 38 countries and allowing for country effects, Easterly and Fischer 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. This paper - a joint product of Macroeconomics and Growth, Development Research Group, and the International Monetary Fund - is part of a larger effort to study the effects of macroeconomic policies on growth and poverty