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Economic mobility along the business cycle. The case of Peru

Diego Winkelried () and Javier Torres Gomez ()

No 2017-115, Working Papers from Peruvian Economic Association

Abstract: The performance of Latin American countries in reducing poverty and expanding the middle class has been remarkable. By taking a close look at the Peruvian experience, we explore how this aggregate behavior relates to business cycle conditions and if it is shared by population groups with different characteristics. We find social mobility to be cyclical, with recessions followed by a rise in downward mobility and strong economic growth driving boosts in upward mobility. Furthermore, the reduction in poverty appears to be the result of a sustained increase in the poverty exit rate, shared similarly among heterogeneous groups, together with a prolonged decrease in the poverty entry rate, especially for households regarded as initially disadvantaged.

Keywords: Poverty dynamics; pro-poor growth; pseudopanel data; Latin America (search for similar items in EconPapers)
JEL-codes: C23 C53 I32 O15 O54 (search for similar items in EconPapers)
Date: 2017-12
New Economics Papers: this item is included in nep-lam
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Journal Article: Economic mobility along the business cycle. The case of Peru (2019) Downloads
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