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On Pro-Middle Class Growth

In: Deprivation, Inequality and Polarization

Author

Listed:
  • Osnat Peled

    (Bank of Israel)

  • Jacques Silber

    (Bank of Israel
    LISER
    Centro Camilo Dagum, Tuscan Inter University Centre, Advanced Statistics for Equitable and Sustainable Development)

Abstract

Is economic growth a sufficient condition for reducing poverty or should governments enact policies that fight poverty? As stressed by Kakwani and Son (forthcoming), in the 1950s and 1960s development economists believed in the idea of “trickle-down” which assumes that even if growth is beneficial mainly to the rich, the poor will ultimately also profit from growth, once the wealthy spend their gains.

Suggested Citation

  • Osnat Peled & Jacques Silber, 2019. "On Pro-Middle Class Growth," Economic Studies in Inequality, Social Exclusion, and Well-Being, in: Indraneel Dasgupta & Manipushpak Mitra (ed.), Deprivation, Inequality and Polarization, pages 83-108, Springer.
    • Handle: RePEc:spr:esichp:978-981-13-7944-4_6
    DOI: 10.1007/978-981-13-7944-4_6
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    Cited by:

    1. Osnat Peled & Jacques Silber, 2021. "On the Measurement of Relative, Absolute and Intermediate Pro-middle Class Growth," Research on Economic Inequality, in: Research on Economic Inequality: Poverty, Inequality and Shocks, volume 29, pages 139-167, Emerald Group Publishing Limited.

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