|RELATED TOPICS:||Poverty Reduction and Labor|
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This paper compares objective and subjective definitions of the middle-class using data from the 2007 World Gallup Poll. Seven objective income-based definitions of social class are contrasted with a self-perceived social status measure. Mismatches between the objective and subjective classifications are largest when the objective definition is based on median incomes. Mismatches arise because self-perceived social status is associated not just with income, but also with personal capabilities, interpersonal relations, financial and material assets, and perceptions of economic insecurity. Objective definitions of the middle class based on absolute incomes provide the fewest mismatches and the most accurate differentiation of the middle class from other classes.
This paper presents a comparative overview of mobility patterns in 14 Latin American countries between 1992 and 2003. Using three alternative econometric techniques on constructed pseudo-panels, the paper provides a set of estimators for the traditional notion of income mobility as well as for mobility around extreme and moderate poverty lines. The estimates suggest very high levels of time-depe ... (View publication)
This issue of IDEA examines some of the issues surrounding early childhood development in Latin America and the Caribbean, and why government should be involved in what would seem to be a family affair. It draws on the 2015 edition of the IDB’s flagship series, Development in the Americas, entitled The Early Years: Child Well-Being and the Role of Public Policy, by Samuel Berlinski and Norbert Sch ... (View publication)
This synopsis reviews the arguments in favor of a larger role for public policy in determining the well-being of young children. It explains where the region is in terms of child well-being today, how it should go about improving public programs, and the institutional challenges to implementing those programs. Together, this synopsis and the table of contents provide just a taste of the rich ... (View publication)
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