The Consumption, Income, and Wealth of the Poorest

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dc.creatorDe Magalhaes, Leandro
dc.creatorSantaeulalia-Llopis, Raul
dc.date2015-07-17T19:06:52Z
dc.date2015-07-17T19:06:52Z
dc.date2015-06
dc.date.accessioned2026-07-01T00:50:50Z
dc.descriptionThis paper provides new empirical insights on the joint distribution of consumption, income, and wealth in three of the poorest countries in the world — Malawi, Tanzania, and Uganda — all located in Sub-Saharan Africa (SSA). The first finding is that while income inequality is similar to that of the United States (US), wealth inequality is barely one-third that of the US. Similarly, while the top of the income distribution (1 and 10 percent) earns a similar share of total income in SSA as in the US, the share of total wealth accumulated by the income-rich in SSA is one-fifth of its US counterpart. The main contributions of the paper are to document: (i) this dwarfed transmission from income to wealth, which suggests that SSA households face a larger inability to save and accumulate wealth compared with US households; and (ii) a lower transmission from income to consumption inequality, which suggests the presence of powerful institutions that favor consumption insurance to the detriment of saving. These features are more relevant for rural areas, which represent roughly four-fifths of the total population. The paper identifies the few successful pockets of the SSA population that are able to accumulate wealth by exploring sources of inequality such as age, education, migration, borrowing ability, and societal systems.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2015/06/24703810/consumption-income-wealth-poorest-cross-sectional-facts-rural-urban-sub-saharan-africa-macroeconomists
dc.identifierhttps://hdl.handle.net/10986/22218
dc.identifierhttps://doi.org/10.1596/1813-9450-7337
dc.identifier.urihttp://hdl.handle.net/123456789/411880
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research Working Paper;No. 7337
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectLIVING STANDARDS
dc.subjectPER CAPITA CONSUMPTION
dc.subjectFORECASTS
dc.subjectRISKS
dc.subjectHOUSEHOLD SIZE
dc.subjectHOUSEHOLD SURVEY
dc.subjectECONOMIC GROWTH
dc.subjectPRODUCTION
dc.subjectVALUATION
dc.subjectDISPOSABLE INCOME
dc.subjectFOOD CONSUMPTION
dc.subjectINCOME
dc.subjectCONSUMPTION BEHAVIOR
dc.subjectAGRICULTURAL PRODUCTION
dc.subjectCONSUMPTION INSURANCE
dc.subjectINTEREST RATE
dc.subjectPROPERTY RIGHTS
dc.subjectCOUNTERFACTUAL
dc.subjectPOLITICAL ECONOMY
dc.subjectDEATH
dc.subjectPORTFOLIO
dc.subjectWELFARE
dc.subjectRURAL CREDIT
dc.subjectINCENTIVES
dc.subjectDISTRIBUTION
dc.subjectVARIABLES
dc.subjectINCOME GAP
dc.subjectINPUTS
dc.subjectPAYMENTS
dc.subjectWEALTH
dc.subjectRURAL POPULATION
dc.subjectCALORIC INTAKE
dc.subjectMEASURES
dc.subjectSAFETY NETS
dc.subjectDEVELOPMENT
dc.subjectLAND LAW
dc.subjectRURAL POPULATIONS
dc.subjectSAVINGS
dc.subjectRURAL HOUSEHOLD
dc.subjectCOSTS
dc.subjectRURAL HOUSEHOLDS
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectHOUSEHOLD HEAD
dc.subjectRURAL INCOME
dc.subjectRENT
dc.subjectFOOD PRICE
dc.subjectINEQUALITY MEASURES
dc.subjectINCOME INEQUALITY
dc.subjectEXCHANGE RATES
dc.subjectINDUSTRIALIZATION
dc.subjectTRANSFERS
dc.subjectDEBT
dc.subjectHOUSEHOLD COMPOSITION
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD SURVEYS
dc.subjectLOTTERY
dc.subjectSOCIAL SECURITY
dc.subjectCALORIE INTAKE
dc.subjectFARMERS
dc.subjectRISK SHARING
dc.subjectLAND DISTRIBUTION
dc.subjectLAND VALUE
dc.subjectRURAL MIGRANTS
dc.subjectHOUSEHOLD HEADS
dc.subjectFOOD PRODUCTION
dc.subjectECONOMIC RESEARCH
dc.subjectFOOD ITEMS
dc.subjectALTERNATIVE USE
dc.subjectINCOME MEASURES
dc.subjectRURAL GAP
dc.subjectEQUILIBRIUM ANALYSIS
dc.subjectCONSUMPTION
dc.subjectAGRICULTURAL SHOCKS
dc.subjectSOCIAL SAFETY NETS
dc.subjectHUMAN CAPITAL
dc.subjectFOOD SECURITY
dc.subjectRURAL COUNTERPARTS
dc.subjectCAPITAL
dc.subjectWAGES
dc.subjectRURAL MIGRATION
dc.subjectVALUE
dc.subjectLAND QUALITY
dc.subjectRURAL AREA
dc.subjectCREDIT
dc.subjectMACROECONOMICS
dc.subjectFARM ACTIVITIES
dc.subjectPOOR COUNTRIES
dc.subjectCONSUMER PRICE INDEXES
dc.subjectINCOME DISTRIBUTION
dc.subjectRURAL SETTINGS
dc.subjectAGRICULTURE
dc.subjectAGRICULTURAL LAND
dc.subjectGROWTH MODELS
dc.subjectRURAL
dc.subjectMEASUREMENT
dc.subjectSHARES
dc.subjectFARM WORK
dc.subjectASSETS
dc.subjectPUBLIC WORKS
dc.subjectFOOD TRANSFERS
dc.subjectBENCHMARK
dc.subjectIDIOSYNCRATIC SHOCKS
dc.subjectAGRICULTURAL INPUTS
dc.subjectECONOMIC INEQUALITY
dc.subjectINSURANCE
dc.subjectRURAL RESIDENTS
dc.subjectTRADE
dc.subjectCONSUMPTION SMOOTHING
dc.subjectTHEORY
dc.subjectFOOD SHARE
dc.subjectGENERAL EQUILIBRIUM ANALYSIS
dc.subjectGROWTH RATE
dc.subjectRURAL AREAS
dc.subjectPOVERTY
dc.subjectCREDIT MARKET CONSTRAINTS
dc.subjectHOUSEHOLD CONSUMPTION
dc.subjectINFORMAL INSURANCE
dc.subjectHUMAN CAPITAL INVESTMENT
dc.subjectSUBSISTENCE ECONOMY
dc.subjectUNDERESTIMATES
dc.subjectPOOR
dc.subjectINCOME QUINTILE
dc.subjectPRICE INDEXES
dc.subjectINHERITANCE
dc.subjectFOOD PRICES
dc.subjectOUTCOMES
dc.subjectCONSUMPTION INCREASES
dc.subjectMIDDLE INCOME COUNTRIES
dc.subjectPRICES
dc.subjectECONOMIC STATISTICS
dc.subjectPRODUCTION COSTS
dc.subjectDEVELOPMENT POLICY
dc.subjectINCOME GROUPS
dc.subjectINEQUALITY
dc.subjectPOOR HOUSEHOLDS
dc.titleThe Consumption, Income, and Wealth of the Poorest
dc.titleCross-Sectional Facts of Rural and Urban Sub-Saharan Africa for Macroeconomists
dc.typeWorking Paper
dc.typeDocument de travail
dc.typeDocumento de trabajo

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