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Calm after the storms: income distribution and welfare in Chile 1987-94
journal contribution
posted on 2023-06-07, 22:47 authored by Francisco H G Ferreira, Julie LitchfieldJulie LitchfieldAfter rising during most-but not all-of the 1960-85 period, inequality in Chile seems to have stabilized since around 1987. Following the stormy period of economic and political reforms of the 1970s and 1980s, no statistically significant Lorenz dominance results could be detected since 1987. Scalar measures of inequality confirm this picture of stability, but suggest a slight change in the shape of the density function, with some compression at the bottom being 'compensated for' by a stretching at the to As inequality remained broadly stable, sustained economic growth led to substantial welfare improvements and poverty reduction, according to a range of measures and with respect to three different poverty lines. Poverty mixed stochastic dominance tests confirm this result. All of these findings are robust to different choices of equivalence scales.
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Publication status
- Published
Journal
World Bank Economic ReviewISSN
0258-6770Publisher
Oxford University PressIssue
3Volume
13Page range
509-38ISBN
0258-6770Department affiliated with
- Economics Publications
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- No
Peer reviewed?
- Yes
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2012-02-06Usage metrics
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