Castellani, Francesca; Parent, Gwenn; Zenteno, Jannet - Inter-American Development Bank - 2014
This paper joins in the debate on the size of the middle class in Latin America, providing an analysis of its structure … and characteristics. Using several measurements, it finds that 40-60 percent of Latin American households are middle class … with the likelihood of being middle class. The example of Colombia illustrates that, while growing in size, this income …