"This paper examines key determinants of class status and the relationship between class status and values. We show that class status is largely determined by factors related to higher incomes, but is highly divergent among regions. Higher class status is significantly correlated with values...

This paper examines key determinants of class status and the relationship between class status and values. We show that class status is largely determined by factors related to higher incomes, but is highly divergent among regions. Higher class status is significantly correlated with values that...

We use cross-country panel data to examine the effects of a variety of nonpharmaceutical interventions used by governments to suppress the spread of coronavirus disease (COVID-19). We find that while lockdown measures lead to reductions in disease transmission rates as captured by the...

There are significant income and nonincome development gaps around theworld. Closing these gaps will require not only increasing and sustainingeconomic growth in low-income regions, but also policies that closenonincome development gaps directly. Governments need to support privateinvestment and...

This paper investigates the channels through which the middle class may matter for consumption growth and development. Determinants of the size and the growth of the middle class are also examined. Using several different middle class measures and a panel of 72 developing countries spanning the...

This paper investigates the channels through which the middle class may matter for consumption growth and development. Determinants of the size and the growth of the middle class are also examined. Using several different middle class measures and a panel of 72 developing countries spanning the...

"We use a recently constructed cross-country data set on absolute poverty to examine whether there is regional and sectoral variation in the relationship between poverty and economic growth. We find that the povertygrowth linkage is strongest in East Asia and that this linkage is essentially...