Inflation and the poor

William Easterly, Stanley Fischer

    Research output: Contribution to journalArticle

    Abstract

    Using polling data for 31,869 households in thirty-eight countries and allowingg for country effects, we show that the poor are more likely than the rich to mention inflation as a top national concern. This result survives several robustness checks. We also find direct measures of improvements in well-being of the poor - the change in their share in national income, the percent decline in poverty, and the percent change in the real minimum wage - to be negatively correlated with inflation in pooled cross-country samples.

    Original languageEnglish (US)
    Pages (from-to)160-178
    Number of pages19
    JournalJournal of Money, Credit and Banking
    Volume33
    Issue number2
    DOIs
    StatePublished - 2001

    Fingerprint

    Inflation
    National income
    Polling
    Household
    Country effects
    Well-being
    Minimum wage
    Poverty
    Robustness

    ASJC Scopus subject areas

    • Accounting
    • Finance
    • Economics and Econometrics

    Cite this

    Inflation and the poor. / Easterly, William; Fischer, Stanley.

    In: Journal of Money, Credit and Banking, Vol. 33, No. 2, 2001, p. 160-178.

    Research output: Contribution to journalArticle

    Easterly, W & Fischer, S 2001, 'Inflation and the poor', Journal of Money, Credit and Banking, vol. 33, no. 2, pp. 160-178. https://doi.org/10.2307/2673879
    Easterly, William ; Fischer, Stanley. / Inflation and the poor. In: Journal of Money, Credit and Banking. 2001 ; Vol. 33, No. 2. pp. 160-178.
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