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Growth, inequality, and social welfare : cross-country evidence (English)

Social welfare functions that assign weights to individuals based on their income levels can be used to document the relative importance of growth and inequality changes for changes in social welfare. In a large panel of industrial and developing countries over the past 40 years, most of the cross-country and over-time variation in changes in social welfare is due to changes in average incomes. In contrast, the changes in inequality observed during...
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Dollar,David R.; Kleineberg,Tatjana Karina; Kraay,Aart C..

Growth, inequality, and social welfare : cross-country evidence (English). Paper is funded by the Knowledge for Change Program (KCP)|Policy Research working paper ; no. WPS 6842 Washington, DC: World Bank Group. http://documents.worldbank.org/curated/en/651701468182332804

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