Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/63506
Authors: 
Ligon, Ethan
Year of Publication: 
2005
Series/Report no.: 
Research Paper, UNU-WIDER, United Nations University (UNU) 2005/57
Abstract: 
‘Globalization’ implies change, and uncertainty over future change may affect household welfare. We use data on Lorenz curves over the last fifty years for a sample of 53 (mostly developing) countries. Treating each country-quintile-year as an observation, we first account for variation in consumption expenditures, finding that global shocks are of less importance than country-level shocks in explaining variation in country-quintile consumption growth. While poorer households experience more rapid consumption growth than do wealthier households, they also bear much more risk. However, we find no evidence that this greater risk is related to globalization. – globalization ; risk ; growth ; inequality ; shocks ; consumption
JEL: 
F02
O47
E21
ISBN: 
9291907375
Document Type: 
Working Paper

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