May Growth Lead to Higher Deprivation Despite Higher Satisfaction?
In a relative deprivation framework, unless inequality is reduced, growth is associated with both higher satisfaction and higher deprivation. This may help explain the discontent with growth despite its benefits. As is well known in the literatur...
Main Authors: | , |
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Language: | English |
Published: |
2012
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Subjects: | |
Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090429155103 http://hdl.handle.net/10986/4111 |
Summary: | In a relative deprivation framework,
unless inequality is reduced, growth is associated with both
higher satisfaction and higher deprivation. This may help
explain the discontent with growth despite its benefits. As
is well known in the literature, knowledge of the
population's mean income and Lorenz curve is all that
is needed to analyze a distribution, so that this can also
be used to assess the satisfaction and deprivation of each
individual. Given the normalization used to derive the
satisfaction and deprivation measures, satisfaction and
deprivation add up to the mean income for the population as
a whole as well as for each individual. |
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