Inequality is bad for growth of the poor (but not for that of the rich) World Bank (2014-07-08)
The paper assesses the impact of overall inequality, as well as inequality among the poor and among the rich, on the growth rates along various percentiles of the income distribution. The analysis uses micro-census data from U.S. .. more |
Welfare dynamics measurement : two definitions of a vulnerability line and their empirical application World Bank (2014-07-08)
Little research currently exists on a vulnerability line that distinguishes the poor population from the population that is not poor but that still faces significant risk of falling back into poverty. This paper attempts to fill t .. more |
Banks as Secret Keepers NBER (2014-07-08)
Banks are optimally opaque institutions. They produce debt for use as a transaction medium (bank money), which requires that information about the backing assets-loans-not be revealed, so that bank money does not fluctuate in valu .. more |