Wealth distribution in Cuba (2006–2014): a first assessment using microdata1
Sara Romanò and
Francesco Schettino ()
Cambridge Journal of Economics, 2019, vol. 43, issue 2, 361-383
Recently, a trend towards increasing inequality has been detected in both developed and developing countries. Most of these studies have been focusing on formal monetary variables, since capitalism is a socioeconomic system where monetary relations play a paramount role. However, the distribution of non-monetary assets is also very important, especially so in less developed countries. This paper applies a PCA methodology to analyse the distribution of non-monetary wealth in Cuba, a socialist country where the role of monetary relations is relatively minor. Utilizing the MICS-UNICEF ‘microdata’, the paper provides for the first time an estimation of wealth distribution for three years (2006, 2011, 2014), by area and region. The main results show a non-monotonic wealth inequality reduction. The initial worsening (2006–11) is more than counterbalanced by a recent improvement (2011–14).
Keywords: Cuba; Wealth distribution; Inequality; Asset index (search for similar items in EconPapers)
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:oup:cambje:v:43:y:2019:i:2:p:361-383.
Ordering information: This journal article can be ordered from
Access Statistics for this article
Cambridge Journal of Economics is currently edited by Jacqui Lagrue
More articles in Cambridge Journal of Economics from Oxford University Press Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().