The Long-Awaited Rise of the Middle Class in Latin America is Finally Happening

Bibliographic Data

ID19944196
AuthorsMaryla Maliszewska, Maurizio Bussolo (0000-0002-2117-1541), Elie Murard (0000-0003-3950-4532)
Year2014
Publication date2014-06-01
Open AccessYes
TypeBOOK
PublisherWorld Bank, Washington, DC (PUBLISHER)
DOI10.1596/1813-9450-6912
OpenAlexW1779218116
LanguageEN
Citations received2
References cited12

In many developing countries, the supply of skilled workers is likely to continue to be stronger than demand, and this should drive down the skill premium and reduce inequality. Within the limitations of any exercise based on simulations, this paper finds that the recently observed reduction in inequality in Latin America may continue. Building on counterfactual scenarios projecting economic and demographic (including age and education) growth, the paper also highlights that by 2030 the long-awaited rise of the middle class in Latin America will be in full swing, as its share will be 43 percent of the total population, twice the value in 2005. This achievement is not guaranteed, as countries with large initial inequalities will have to achieve very high rates of inclusive growth. At the same time, a larger middle class is likely to exert a stronger influence on international and domestic policy making

Art history · Class (philosophy) · Happening · Latin Americans · Middle class · Performance art · Political science · Artificial Intelligence · Computer Science · Economic Growth and Productivity · Economic Theory and Policy · History · Income, Poverty, and Inequality · Law

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