imprint:
Washington, D.C: The World Bank, 2012 2012
Extent:
Online-Ressource (15 p)
Language:
English
DOI:
10.1596/1813-9450-6015
Identifier:
Reproductino series:
World Bank eLibrary
Origination:
Footnote:
Description:
The paper examines the link between poverty, the middle class and institutional outcomes using a new cross-country panel dataset on the distribution of income and expenditure. It uses an econometric methodology to gauge whether a larger middle class has a causal effect on policy and institutional outcomes in three areas: social policy in health and education, market-oriented economic structure and quality of governance. The analysis find that when the middle class becomes larger (measured as the proportion of people earning more than US