Stuck in the Tunnel: Is Globalization Muddling the Middle Class?

Nancy Birdsall, Carol Graham and S. Pettinato

Working Papers from Brookings Institution - Working Papers

Abstract: Our objective in this paper is to assess how middle-income groups are faring with the global turn to the market. We suggest some simple measures of the middle-the size and income shares of households around the median (75/125%)-and their income status relative to wealthier counterparts. Our results point to genuine distributional stress for middle-income households, as well as public perceptions of such stress.

Keywords: INCOME; MIDDLE CLASS; GLOBALIZATION (search for similar items in EconPapers)
JEL-codes: D30 D31 H80 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2000
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Citations: View citations in EconPapers (45)

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