Shared Prosperity: Concepts, Data, and Some Policy Examples


== Abstract ==

Shared prosperity is a common phrase in current development policy discourse. Its most widely used operational definitionthe growth rate in the average income of the poorest 40% of a countrys populationis a truncated measure of change in social welfare. A related concept, the shared prosperity premiumthe difference between the growth rate of the mean for the bottom 40% and the growth rate in the overall meanis similarly analogous to a measure of change in inequality. This article reviews the relationship between these concepts and the more established ideas of social welfare, poverty, inequality, and mobility.</p> <p>Household survey data can be used to shed light on recent progress in terms of this indicator globally. During 20082013, mean incomes for the poorest 40% rose in 60 of the 83 countries for which we have data. In 49 of them, accounting for 65% of the sampled population, it rose <italic>faster</italic> than overall average incomes, thus narrowing the income gap.</p> <p>In the policy space, there are examples both of pre-distribution policies (which promote human capital investment among the poor) and re-distribution policies (such as targeted safety nets), which when well-designed have a sound empirical track record of both raising productivity and improving well-being among the poor.

Document type: Book

== Full document ==
<pdf>Media:Draft_Content_728954999-beopen827-4567-document.pdf</pdf>


== Original document ==

The different versions of the original document can be found in:

* [http://dx.doi.org/10.1093/acrefore/9780190625979.013.445 http://dx.doi.org/10.1093/acrefore/9780190625979.013.445]

* [http://dx.doi.org/10.1596/1813-9450-8451 http://dx.doi.org/10.1596/1813-9450-8451]

* [http://hdl.handle.net/10419/180589 http://hdl.handle.net/10419/180589]

* [http://hdl.handle.net/10986/29861 http://hdl.handle.net/10986/29861] under the license http://creativecommons.org/licenses/by/3.0/igo

* [http://pdfs.semanticscholar.org/7295/585a46eb235c544d68dd084fce8607707288.pdf http://pdfs.semanticscholar.org/7295/585a46eb235c544d68dd084fce8607707288.pdf]



DOIS: 10.1093/acrefore/9780190625979.013.445 10.1596/1813-9450-8451