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Income inequality in the developing world
Abstract
Should income inequality be of concern in developing countries? New data reveal less income inequality in the developing world than 30 years ago. However, this is due to falling inequality between countries. Average inequality within developing countries has been slowly rising, though staying fairly flat since 2000. As a rule, higher rates of growth in average incomes have not put upward pressure on inequality within countries. Growth has generally helped reduce the incidence of absolute poverty, but less so in more unequal countries. High inequality also threatens to stall future progress against poverty by attenuating growth prospects. Perceptions of rising absolute gaps in living standards between the rich and the poor in growing economies are also consistent with the evidence.
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“Notably, whereas global between-country income inequality has dropped as a consequence of (slow) economic convergence, within-country inequality is on the rise in virtually every country (75,76).”
From Vicious Circles: Violence, Vulnerability, and Climate Change (2021) · cites this paper as [75]
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Metadata
- Authors
- Ravallion, M.
- Affiliations
- National Bureau of Economic Research (US)
- Corresponding author
- Ravallion, Martin
- ORCID
- Ravallion, Martin
- Venue
- Science
- Published
- 2014-05-23
- Volume
- 344
- Issue
- 6186
- Pages
- 851-855
- ISSN
- 0036-8075 (ISSN-L)
- 1095-9203
- OpenAlex
- W2034170501
- Cited by
- 294
- References
- 20
- Citations by year
- 2026: 11 · 2025: 41 · 2024: 29 · 2023: 42 · 2022: 17 · 2021: 45 · 2020: 26 · 2019: 22 · 2018: 17 · 2017: 18 · 2016: 10 · 2015: 10 · 2014: 6
- FWCI
- 47.80
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Science (publishedVersion)
- PubMed (publishedVersion)
- Topics
- Social Sciences › Sociology and Political Science › Income, Poverty, and Inequality
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Economic Theory and Policy
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Development
- Keywords
- income inequality, developing countries, within-country inequality, cross-national differences, economic growth, absolute poverty, poverty reduction, living standards, inequality trends
- MeSH terms
- Developing Countries, Humans, Income, Poverty, Socioeconomic Factors
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