Author: Erzo F. P. Luttmer
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 42
Book Description
Estimates of income inequality and the dynamics of poverty are highly sensitive to measurement error and transitory shocks in micro-level data. The apparent high levels of economic mobility in Poland and Russia are driven largely by transitory shocks and noisy data. There is a real risk of an entrenched underclass emerging in these transition economies.