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 …

agricultural income from the mid-1990s onward. Poverty persists, and tied in part to slow growth in agricultural commodity prices …This paper provides an overview of the evolution of income inequality in China from 1987 to 2002, employing three … is primarily related to the dis-equalizing role of non-agricultural self-employment income and slow growth in …

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