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The Microeconomics of Income Distribution Dynamics in East Asia and Latin America (Paperback)
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The Microeconomics of Income Distribution Dynamics in East Asia and Latin America (Paperback)
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Economists have had much to say about what causes aggregate
economic growth, but they have been more reticent about the
distributional dimension of that growth. To understand development
and the process of poverty reduction requires understanding not
only how total income grows, but also how its distribution behaves
over time. 'The Microeconomics of Income Distribution Dynamics in
East Asia and Latin America' is a major new contribution to that
process. The authors propose a decomposition of differences in
entire distributions of household incomes, shedding new light on
the powerful, and often conflicting, forces that underpin the
changes in poverty and inequality that accompany the process of
economic development. This approach is applied to three East Asian
countries--Indonesia, Malaysia, and China--and to four in Latin
America--Argentina, Brazil, Colombia, and Mexico.
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