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  • Bussolo, Maurizio  (9)
  • Washington, D.C : The World Bank  (9)
  • Macroeconomics and Economic Growth  (9)
  • Poverty Reduction  (5)
  • Income  (2)
  • 1
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (41 pages)
    Parallel Title: Erscheint auch als Brock, J. Michelle Inequality of Opportunity and Investment Choices
    Keywords: Economic Investment and Savings ; Equity and Development ; Income Distribution ; Inequality of Opportunity ; Investment Choices ; Investment Risk ; Macroeconomics and Economic Growth ; Peer Effects on Personal Investment ; Poverty Reduction
    Abstract: Inequality of opportunity leads to misallocation of human capital and can affect economies via its impact on individual economic decision making. This paper studies the impact of inequality of opportunity on investment, using a laboratory experiment. The experiment randomized inequality of opportunity, then subjects chose to invest in a risky asset or savings. The results suggest that inequality of opportunity impacts investment choices only for people who are penalized by their circumstances and only once they learn the impact of inequality of opportunity on their relative position in the income distribution. This disadvantaged group invests more often and invests higher shares of their earnings than the control and advantaged groups. The fact that both inequality of opportunity and knowledge of relative position need to be present for the impact on investment to materialize points to the importance of peer effects. More broadly, the paper highlights the relevance of social preferences for understanding the effects of inequality of opportunity on individual decision making
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  • 2
    Language: English
    Pages: 1 Online-Ressource (34 pages)
    Parallel Title: Erscheint auch als Bussolo, Maurizio (Perceptions of) Inequality, Demand for Redistribution, and Group-Specific Public Goods: A Survey Experiment in India
    Keywords: Biased Perceptions ; Community ; Distribution ; Income ; Inequality ; Living Standards ; Macroeconomics and Economic Growth ; Personal Wealth ; Poverty Reduction ; Public Goods ; Redistribution
    Abstract: This paper uses data from a survey of 116,061 households in India to study people's beliefs about inequality and demand for redistribution. The findings show that a household's beliefs about inequality, implied by the perception of their position on the income distribution, is negatively correlated with support for reducing inequality. This is relevant since there are significant differences between where individuals believe their household stands and their actual position, with the gap between perceived and actual position exceeding two deciles on average. Despite these large differences, informing individuals of their household's position on the income distribution has no discernible effect on support for reducing inequality. The paper posits that demand for redistribution may be unresponsive to this information because it is based on exclusively on household's income and does not account for the sharing of resources within communities. In communities where group-specific public goods, such as religious and social goods, are present, class antagonism and redistribution are mitigated by community solidarity. Households benefit from these goods, and such benefits alter the individuals' beliefs of inequality. Consistent with this prediction, the average individual perceives their household as richer in districts with a greater supply of religious or social goods. The sharing of resources within religious or ethnic groups can shape perceptions of the income distribution and reduce support for redistribution within these groups, and thus requires serious consideration in studies of inequality
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  • 3
    Language: English
    Pages: 1 Online-Ressource (86 pages)
    Parallel Title: Erscheint auch als Bussolo, Maurizio Social Norms and Gender Equality: A Descriptive Analysis for South Asia
    Keywords: Economic Equity ; Female Agency ; Female Empowerment ; Female Labor Force Participation ; Gender and Social Development ; Gender and Social Policy ; Gender Inequality ; Gender Monitoring and Evaluation ; Gender Norms ; Gender Roles ; Gender-Based Violence ; Girls Marriage Age ; Intimate Partner Violence ; Law and Development ; Macroeconomics and Economic Growth ; Preference for Sons ; Social Norms ; Gender
    Abstract: Despite decades of economic growth, gender inequality in South Asia remains remarkably high. Although not the only one, social norms are a crucial driver of various gender outcomes, including differential economic participation. Using repeated cross-sectional data from nationally representative surveys, this paper explores the long term trends of gender outcomes and social norms (proxied by attitudes towards gender roles) in South Asia. The results corroborate the evidence that there has been almost no progress in gender equality in South Asia over the past half-century. There has been little progress on female labor force participation, marriage age, agency, intimate partner violence, and preference for sons, with education being the only exception. The lack of progress is apparent among all socioeconomic groups, including women who live in urban areas, are educated, and have higher incomes. Gender attitudes also remain unchanged, and in some cases, have become more conservative and have a negative relationship with gender outcomes. Better measurements of social norms and better understanding of how their constraining role can be loosened may be critical for achieving gender equality in the region
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  • 4
    Language: English
    Pages: 1 Online-Ressource (34 pages)
    Parallel Title: Erscheint auch als Bussolo, Maurizio Job Tenure and Structural Change in the Transition Economies of Europe
    Keywords: Economic Development ; Employment ; Employment and Unemployment ; Job Stability ; Job Tenure ; Job Tenure Decline ; Labor Force Survey Data ; Labor Market ; Labor Policies ; Labor Stability ; Macroeconomics and Economic Growth ; Social Protections and Labor ; Structural Change Process ; Transition Economies
    Abstract: This paper uses labor force survey data for 1995-2020 to analyze the dynamics of job tenure in seven transition economies of Europe and a comparator country (Turkiye). The country-specific age-period-cohort decomposition demonstrates that, except in Albania, the job tenure of the cohort of workers entering the labor market in the 2000s is four to nine years shorter than that of workers who started working in the 1970s. This difference is at least twice as large as the difference in job tenure observed among workers from the same cohorts in European Union countries. These trends in tenure persist after accounting for changes in cohort composition, but they are significantly attenuated by controlling for differences in individual worker characteristics. These results suggest that the evolution of tenure in the transition economies of Europe is still driven mainly by the transition-induced structural change processes in the labor market
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  • 5
    Language: English
    Pages: Online-Ressource (1 online resource (26 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Bogetic, Zeljko Achieving Accelerated And Shared Growth In Ghana
    Keywords: Development Economics ; Development Goals ; Economic Theory and Research ; Health, Nutrition and Population ; Human capital ; Human development ; Macroeconomic stability ; Macroeconomics and Economic Growth ; Policy ReseaRch ; Policy packages ; Population Policies ; Poverty Reduction ; Poverty Reduction ; Pro-Poor Growth ; Public Sector Economics and Finance ; Public Sector Expenditure Analysis and Management ; Rapid growth ; Unskilled labor ; Development Economics ; Development Goals ; Economic Theory and Research ; Health, Nutrition and Population ; Human capital ; Human development ; Macroeconomic stability ; Macroeconomics and Economic Growth ; Policy ReseaRch ; Policy packages ; Population Policies ; Poverty Reduction ; Poverty Reduction ; Pro-Poor Growth ; Public Sector Economics and Finance ; Public Sector Expenditure Analysis and Management ; Rapid growth ; Unskilled labor ; Development Economics ; Development Goals ; Economic Theory and Research ; Health, Nutrition and Population ; Human capital ; Human development ; Macroeconomic stability ; Macroeconomics and Economic Growth ; Policy ReseaRch ; Policy packages ; Population Policies ; Poverty Reduction ; Poverty Reduction ; Pro-Poor Growth ; Public Sector Economics and Finance ; Public Sector Expenditure Analysis and Management ; Rapid growth ; Unskilled labor
    Abstract: This paper relies on the recently developed Maquette for Millennium Development Goals Simulations (MAMS) model to assess the consistency of alternative scaling-up and policy packages for growth and achievement of the Millennium Development Goals in Ghana. In the baseline scenario, Ghana's strong near and medium-term growth outlook puts it in a good position to achieve the poverty Millennium Development Goal ahead of schedule, but other goals are likely to remain elusive before 2015. In the accelerated growth scenario-which addresses the major gaps in water and sanitation and other infrastructure-even more rapid growth and poverty reduction are possible, but important targets in the areas of education, health, and environment remain unattainable. Although growth is complementary to achievement of the Millennium Development Goals, the authors also find important growth-human development trade-offs in the near term. The estimates show that the resource requirements for achieving the key Millennium Development Goals by 2015 are large, reaching US
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 6
    Language: English
    Pages: Online-Ressource (1 online resource (29 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Bussolo, Maurizio Do Remittances Have A Flip Side ?
    Keywords: Currencies and Exchange Rates ; Debt Markets ; Economic Growth ; Economic Theory and Research ; Effects ; Emerging Markets ; Finance and Financial Sector Development ; Financial Literacy ; General Equilibrium ; High Unemployment ; Information ; Investment ; Labor ; Labor ; Labor Costs ; Labor Demand ; Labor Force ; Labor Force Participation ; Labor Markets ; Labor Policies ; Macroeconomics and Economic Growth ; Private Sector Development ; Social Protections and Labor ; Currencies and Exchange Rates ; Debt Markets ; Economic Growth ; Economic Theory and Research ; Effects ; Emerging Markets ; Finance and Financial Sector Development ; Financial Literacy ; General Equilibrium ; High Unemployment ; Information ; Investment ; Labor ; Labor ; Labor Costs ; Labor Demand ; Labor Force ; Labor Force Participation ; Labor Markets ; Labor Policies ; Macroeconomics and Economic Growth ; Private Sector Development ; Social Protections and Labor ; Currencies and Exchange Rates ; Debt Markets ; Economic Growth ; Economic Theory and Research ; Effects ; Emerging Markets ; Finance and Financial Sector Development ; Financial Literacy ; General Equilibrium ; High Unemployment ; Information ; Investment ; Labor ; Labor ; Labor Costs ; Labor Demand ; Labor Force ; Labor Force Participation ; Labor Markets ; Labor Policies ; Macroeconomics and Economic Growth ; Private Sector Development ; Social Protections and Labor
    Abstract: Econometric analysis has established a negative relationship between labor supply and remittances in Jamaica. The authors incorporate this ex-post evidence in a general equilibrium model to investigate economywide effects of increased remittance inflows. In this model, remittances reduce labor force participation by increasing the reservation wages of recipients. This exacerbates the real exchange rate appreciation, hurting Jamaica's export base and small manufacturing import-competing sector. Within the narrow margins of maneuver of a highly indebted government, the authors show that a revenue-neutral policy response of a simultaneous reduction in payroll taxes and increase in sales taxes can effectively counteract these potentially negative effects of remittances
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 7
    Language: English
    Pages: Online-Ressource (1 online resource (33 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Bussolo, Maurizio Global Growth And Distribution
    Keywords: Development Economics ; Economic Theory and Research ; Emerging Markets ; General Equilibrium Model ; Growth Rates ; High Growth ; Income ; Income Distribution ; Incomes ; Inequality ; Inequality ; Macroeconomics and Economic Growth ; Middle Class ; Policy Research ; Poverty Reduction ; Private Sector Development ; Pro-Poor Growth ; Rural Development ; Rural Poverty Reduction ; Development Economics ; Economic Theory and Research ; Emerging Markets ; General Equilibrium Model ; Growth Rates ; High Growth ; Income ; Income Distribution ; Incomes ; Inequality ; Inequality ; Macroeconomics and Economic Growth ; Middle Class ; Policy Research ; Poverty Reduction ; Private Sector Development ; Pro-Poor Growth ; Rural Development ; Rural Poverty Reduction ; Development Economics ; Economic Theory and Research ; Emerging Markets ; General Equilibrium Model ; Growth Rates ; High Growth ; Income ; Income Distribution ; Incomes ; Inequality ; Inequality ; Macroeconomics and Economic Growth ; Middle Class ; Policy Research ; Poverty Reduction ; Private Sector Development ; Pro-Poor Growth ; Rural Development ; Rural Poverty Reduction
    Abstract: Over the past 20 years, aggregate measures of global inequality have changed little even if significant structural changes have been observed. High growth rates of China and India lifted millions out of poverty, while the stagnation in many African countries caused them to fall behind. Using the World Bank's LINKAGE global general equilibrium model and the newly developed Global Income Distribution Dynamics (GIDD) tool, this paper assesses the distribution and poverty effects of a scenario where these trends continue in the future. Even by anticipating a deceleration, growth in China and India is a key force behind the expected convergence of per-capita incomes at the global level. Millions of Chinese and Indian consumers will enter into a rapidly emerging global middle class-a group of people who can afford, and demand access to, the standards of living previously reserved mainly for the residents of developed countries. Notwithstanding these positive developments, fast growth is often characterized by high urbanization and growing demand for skills, both of which result in widening of income distribution within countries. These opposing distributional effects highlight the importance of analyzing global disparities by taking into account - as the GIDD does - income dynamics between and within countries
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 8
    Language: English
    Pages: Online-Ressource (1 online resource (22 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Bussolo, Maurizio Challenges To MDG Achievement In Low Income Countries
    Keywords: Development Strategies ; Economic Theory and Research ; Health, Nutrition and Population ; Human Development ; Income Inequality ; International Community ; Macroeconomics and Economic Growth ; Millennium Declaration ; Millennium Development Goals ; Policy Research ; Policy Research Working Paper ; Population Policies ; Poverty Reduction ; Pro-Poor Growth ; Progress ; Public Sector Economics and Finance ; Public Sector Expenditure Analysis and Management ; Social Services ; Development Strategies ; Economic Theory and Research ; Health, Nutrition and Population ; Human Development ; Income Inequality ; International Community ; Macroeconomics and Economic Growth ; Millennium Declaration ; Millennium Development Goals ; Policy Research ; Policy Research Working Paper ; Population Policies ; Poverty Reduction ; Pro-Poor Growth ; Progress ; Public Sector Economics and Finance ; Public Sector Expenditure Analysis and Management ; Social Services ; Development Strategies ; Economic Theory and Research ; Health, Nutrition and Population ; Human Development ; Income Inequality ; International Community ; Macroeconomics and Economic Growth ; Millennium Declaration ; Millennium Development Goals ; Policy Research ; Policy Research Working Paper ; Population Policies ; Poverty Reduction ; Pro-Poor Growth ; Progress ; Public Sector Economics and Finance ; Public Sector Expenditure Analysis and Management ; Social Services
    Abstract: This paper summarizes the policy lessons from applications of the Maquette for MDG Simulations (MAMS) model to two low income countries: Ghana and Honduras. Results show that costs of MDGs achievement could reach 10-13 percent of GDP by 2015, although, given the observed low productivity in the provision of social services, significant savings may be realized by improving efficiency. Sources of financing also matter: foreign aid inflows can reduce international competitiveness through real exchange appreciation, while domestic financing can crowd out the private sector and slow poverty reduction. Spending a large share of a fixed budget on growth-enhancing infrastructure may mean sacrificing some human development, even if higher growth is usually associated with lower costs of social services. The pursuit of MDGs increases demand for skills: while this encourages higher educational attainments, in the short term this could lead to increased income inequality and a lower poverty elasticity of growth
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 9
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (33 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Bussolo, Maurizio Remittances And The Real Exchange Rate
    Keywords: Capital Inflow ; Consumption ; Currencies and Exchange Rates ; Debt Markets ; Demand ; Domestic Economy ; Dutch Disease ; Economic Stabilization ; Economic Theory and Research ; Economies ; Economy ; Emerging Markets ; External Financing ; Finance and Financial Sector Development ; Growth Rates ; International Markets ; Loss of Competitiveness ; Macroeconomic Management ; Macroeconomics and Economic Growth ; Private Sector Development ; Capital Inflow ; Consumption ; Currencies and Exchange Rates ; Debt Markets ; Demand ; Domestic Economy ; Dutch Disease ; Economic Stabilization ; Economic Theory and Research ; Economies ; Economy ; Emerging Markets ; External Financing ; Finance and Financial Sector Development ; Growth Rates ; International Markets ; Loss of Competitiveness ; Macroeconomic Management ; Macroeconomics and Economic Growth ; Private Sector Development ; Capital Inflow ; Consumption ; Currencies and Exchange Rates ; Debt Markets ; Demand ; Domestic Economy ; Dutch Disease ; Economic Stabilization ; Economic Theory and Research ; Economies ; Economy ; Emerging Markets ; External Financing ; Finance and Financial Sector Development ; Growth Rates ; International Markets ; Loss of Competitiveness ; Macroeconomic Management ; Macroeconomics and Economic Growth ; Private Sector Development
    Abstract: Existing empirical evidence indicates that remittances have a positive impact on a good number of development indicators of recipient countries. Yet when flows are too large relative to the size of the recipient economies, as those observed in a number of Latin American countries, they may also bring a number of undesired problems. Among those probably the most feared in this context is the Dutch Disease. This paper explores the empirical evidence regarding the impact of remittances on the real exchange rate. The findings suggest that remittances indeed appear to lead to a significant real exchange rate appreciation. The paper also explores policy options that may somewhat offset the observed effect
    URL: Volltext  (Deutschlandweit zugänglich)
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