Incoine Distribution and Poverty

Paul Streeten

Chapter 12 in What Price Food?, 1987, pp 60-65 from Palgrave Macmillan

Abstract: Abstract A rise in food prices reduces the real income of poor food buyers by a larger proportion than that of better off consumers, though the absolute reduction in real income is larger for the higher income consumers, because they spend more on food. This reduction in turn will reduce employment and income of the poor in those sectors on which the expenditure of the better off is reduced. The poor therefore suffer both directly, as a result of the increase in food prices, and indirectly, as a result of reduced employment in the production of e.g. livestock and vegetables, simple household goods, kitchen ware, bicycles, etc., because the expenditure of the better off has declined.

Keywords: Food Price; Real Income; Supply Curve; Urban Poor; Price Rise (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-18921-2_12

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DOI: 10.1007/978-1-349-18921-2_12

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