Inequality In Latin America Determinants And Consequences

Latin America is together with Sub-Saharan Africa the most unequal region of the world. This paper documents recent inequality trends in the Latin American region, going beyond traditional measures of income inequality. The paper also reviews some of the explanations that have been put forward to un...

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Bibliographic Details
Main Author: Lopez, J. Humberto
Other Authors: Perry, Guillermo
Format: eBook
Language:English
Published: Washington, D.C The World Bank 2008
Subjects:
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
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100 1 |a Lopez, J. Humberto 
245 0 0 |a Inequality In Latin America  |h Elektronische Ressource  |b Determinants And Consequences  |c Lopez, J. Humberto 
260 |a Washington, D.C  |b The World Bank  |c 2008 
300 |a 41 p. 
653 |a Macroeconomics and Economic Growth 
653 |a Income 
653 |a Pro-Poor Growth 
653 |a Average income 
653 |a Rural Development 
653 |a Rural Poverty Reduction 
653 |a Inequality 
653 |a Impact of inequality 
653 |a Poverty Reduction 
653 |a Economic Conditions and Volatility 
653 |a Output volatility 
653 |a Policy ReseaRch 
653 |a Economic Theory and Research 
653 |a Income inequality 
653 |a Gini coefficient 
653 |a Poverty levels 
653 |a Inequality trends 
700 1 |a Perry, Guillermo 
700 1 |a Lopez, J. Humberto 
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520 |a Latin America is together with Sub-Saharan Africa the most unequal region of the world. This paper documents recent inequality trends in the Latin American region, going beyond traditional measures of income inequality. The paper also reviews some of the explanations that have been put forward to understand the current situation, and discusses why reducing income inequality should be an important policy priority. In particular, the authors discuss channels through which inequality can affect growth and output volatility. On the whole, the analysis suggests a two-pronged approach to reduce inequality in the region that combines policies aimed at improving the distribution of assets (especially education) with elements aimed at improving the capacity of the state to redistribute income through taxes and transfers