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dc.titlePoverty, Vulnerability and the Middle Class in Latin America
dc.contributor.authorStampini, Marco
dc.contributor.authorRobles, Marcos
dc.contributor.authorSáenz, Mayra
dc.contributor.authorIbarrarán, Pablo
dc.contributor.authorMedellín, Nadin
dc.contributor.orgunitSocial Protection and Health Division
dc.coverageBrazil
dc.coverageColombia
dc.coverageCosta Rica
dc.coverageEcuador
dc.coverageHonduras
dc.coveragePanama
dc.coveragePeru
dc.coverageParaguay
dc.coverageUruguay
dc.coverageDominican Republic
dc.coverageEl Salvador
dc.coverageArgentina
dc.coverageLatin America
dc.date.available2015-04-09T00:00:00
dc.date.issue2015-04-08T00:00:00
dc.description.abstractBetween 2000 and 2013, Latin America has considerably reduced poverty (from 46.3% to 29.7% of the population). In this paper, we use synthetic panels to show that, despite progress, the region remains characterized by substantial vulnerability that also affects the rising middle-class. More specifically, we find that 65% of those with daily income between $4 and 10, and 14% of those in the middle-class, experience poverty at least once over a ten-year period. Furthermore, chronic poverty remains widespread (representing 91% and 50% of extreme and moderate poverty respectively). Differences between rural and urban areas are substantial. Urban areas, which are now home to most moderate poor and vulnerable, are characterized by higher income mobility, particularly upward mobility. These findings have important implications for the design of effective social safety nets. These need to mix long term interventions for the chronic poor, especially in rural areas, with flexible short-term support to a large group of transient poor and vulnerable, particularly in urban areas.
dc.format.extent46
dc.identifier.doihttp://dx.doi.org/10.18235/0012281
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Poverty-Vulnerability-and-the-Middle-Class-in-Latin-America.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/Pobreza-vulnerabilidad-y-la-clase-media-en-América-Latina.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectPoverty
dc.subjectRural Development
dc.subjectUrban Development
dc.subjectDevelopment Bank
dc.subjectMiddle Class
dc.subject.jelcodeO54 - Latin America • Caribbean
dc.subject.jelcodeC53 - Forecasting and Prediction Methods • Simulation Methods
dc.subject.jelcodeC23 - Panel Data Models • Spatio-temporal Models
dc.subject.jelcodeO15 - Human Resources • Human Development • Income Distribution • Migration
dc.subject.jelcodeI32 - Measurement and Analysis of Poverty
dc.subject.keywordsLatin America;Mobility;Middle-class;Transitory and chronic poverty;Vulnerability;Poverty dynamics;Panel data;Synthetic panels
dc.typeWorking Papers
idb.identifier.pubnumberWorking Papers
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