On Pro-Middle Class Growth

Osnat Peled () and Jacques Silber
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Osnat Peled: Bank of Israel

A chapter in Deprivation, Inequality and Polarization, 2019, pp 83-108 from Springer

Abstract: Abstract Is economic growth a sufficient condition for reducing poverty or should governments enact policies that fight poverty? As stressed by Kakwani and Son (forthcoming), in the 1950s and 1960s development economists believed in the idea of “trickle-down” which assumes that even if growth is beneficial mainly to the rich, the poor will ultimately also profit from growth, once the wealthy spend their gains.

Date: 2019
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DOI: 10.1007/978-981-13-7944-4_6

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