Inflation and the Poor

Bibliographic Data

ID23522916
AuthorsWilliam Easterly (0000-0002-1207-2840), Stanley Fischer
Year2000
Volume33
Issue2
Pages160-160
Publication date2000-05-01
Open AccessNo
TypeBOOK
PublisherWorld Bank, Washington, DC (PUBLISHER)
DOI10.1596/1813-9450-2335
OpenAlexW2034882029
LanguageEN
Citations received10
References cited4

May 2000 - The poor suffer more from inflation than the rich do, reveals this survey of poor people in 38 countries. Using polling data for 31,869 households in 38 countries and allowing for country effects, Easterly and Fischer show that the poor are more likely than the rich to mention inflation as a top national concern. This result survives several robustness checks. Also, direct measures of improvements in well-being for the poor - the change in their share of national income, the percentage decline in poverty, and the percentage change in the real minimum wage - are negatively correlated with inflation in pooled cross-country samples. High inflation tends to lower the share of the bottom quintile and the real minimum wage - and tends to increase poverty. This paper - a joint product of Macroeconomics and Growth, Development Research Group, and the International Monetary Fund - is part of a larger effort to study the effects of macroeconomic policies on growth and poverty

Demographic economics · Economic growth · Economics · Efficiency wage · Inflation (cosmology) · Labour economics · Minimum wage · Monetary economics · Monetary policy · Polling · Poverty · Robustness (evolution) · Wage · Wage share · Economic theories and models · Economic Theory and Policy · Income, Poverty, and Inequality

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