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Economic Development and the Income of the Poor
Author(s) -
Tsakloglou Panos
Publication year - 1990
Publication title -
american journal of economics and sociology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.199
H-Index - 38
eISSN - 1536-7150
pISSN - 0002-9246
DOI - 10.1111/j.1536-7150.1990.tb02260.x
Subject(s) - economics , per capita income , purchasing power , consumption (sociology) , per capita , poverty , proxy (statistics) , population , income distribution , socioeconomic status , total personal income , consumption function , demographic economics , socioeconomics , economic growth , demography , inequality , gross income , public economics , production (economics) , macroeconomics , mathematics , mathematical analysis , social science , tax reform , sociology , state income tax , statistics
A bstract . In their 1988 study of poverty Branco and Williamson suggested that the mean income of the poorest 40% of the population declines during the early stages of economic development. This result is, probably, due to the unusual indicator of economic development used by them (per capita energy consumption ). It is shown that if per capita income in “Real Purchasing Power Dollars” is used as a proxy for a country's level of development, the mean income of the poorest 40% is a monotonically increasing function of the level of economic development (although the mean income of particular socioeconomic groups may decline).