We revisit the link between poverty, the middle class and institutional outcomes using a newly developed cross …-country panel dataset containing detailed information on the distribution of income and expenditures. When the size of the middle … class increases (measured as the proportion of people with income above 10 US Dollars a day in PPP terms), social policy on …

This paper asks what low-income countries can expect from growth in terms of happiness. It interprets the set of … available international evidence pertaining to the relationship between income growth and subjective well-being. Consistent with … the Easterlin paradox, higher income is always associated with higher happiness scores, except in one case: whether growth …

Acemoglu and Johnson (2007) present evidence that improvements in population health do not promote economic growth. We … show that their result depends critically on the assumption that initial health has no causal effect on subsequent economic … growth. We argue that such an effect is likely, primarily because childhood health affects adult productivity. In our …

development until countries reach upper-middle income, and only thereafter falls. This note quantifies the shape of the mobility …