Shared Prosperity: Concepts, Data, and Some Policy Examples

  title={Shared Prosperity: Concepts, Data, and Some Policy Examples},
  author={Francisco H. G. Ferreira and Emanuela Galasso and Mario Negre},
  journal={Microeconomics: Welfare Economics \& Collective Decision-Making eJournal},
“Shared prosperity” is a common phrase in current development policy discourse. Its most widely used operational definition—the growth rate in the average income of the poorest 40% of a country’s population—is a truncated measure of change in social welfare. A related concept, the shared prosperity premium—the difference between the growth rate of the mean for the bottom 40% and the growth rate in the overall mean—is similarly analogous to a measure of change in inequality. This article reviews… 
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