The middle class consensus and economic development

William Easterly

    Research output: Contribution to journalArticle

    Abstract

    A middle class consensus is defined as a high share of income for the middle class and a low degree of ethnic divisons. The paper links a middle class consensus to resource endowments, along the lines of the provocative thesis of Engerman and Sokoloff (1997 and 2000). This paper exploits this association using tropical resource endowments as instruments for inequality. A higher share of income for the middle class and lower ethnic divisions are associated with higher income and higher growth, as well as with more education, better health, better infrastructure, better economic policies, less political instability, less civil war and ethnic minorities at risk, more social "modernization" and more democracy.

    Original languageEnglish (US)
    Article number381657
    Pages (from-to)317-335
    Number of pages19
    JournalJournal of Economic Growth
    Volume6
    Issue number4
    DOIs
    StatePublished - 2001

    Fingerprint

    Economic development
    Middle class
    Income
    Resources
    Endowments
    Civil war
    Social risk
    Health education
    Economic policy
    Modernization
    Democracy
    Political instability
    Ethnic minorities

    Keywords

    • Economic development
    • Economic growth
    • Ethinic divisions
    • Human capital
    • Inequality

    ASJC Scopus subject areas

    • Economics and Econometrics

    Cite this

    The middle class consensus and economic development. / Easterly, William.

    In: Journal of Economic Growth, Vol. 6, No. 4, 381657, 2001, p. 317-335.

    Research output: Contribution to journalArticle

    Easterly, William. / The middle class consensus and economic development. In: Journal of Economic Growth. 2001 ; Vol. 6, No. 4. pp. 317-335.
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