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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 Litchfield
After 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.

History

Publication status

  • Published

Journal

World Bank Economic Review

ISSN

0258-6770

Publisher

Oxford University Press

Issue

3

Volume

13

Page range

509-38

ISBN

0258-6770

Department affiliated with

  • Economics Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2012-02-06

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