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Published in:
2016 | OriginalPaper | Chapter
Deconstructing the Decline in Inequality in Latin America
Authors : Nora Lustig, Luis F. Lopez-Calva, Eduardo Ortiz-Juarez, Célestin Monga
Published in: Inequality and Growth: Patterns and Policy
Publisher: Palgrave Macmillan UK
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High inequality is a characteristic feature of Latin America. After rising in the 1990s, however, income inequality in the region has declined while it has increased in other parts of the world. For the region as a whole, the Gini co efficient declined from an average of 0.550 in the early 2000s to 0.496 circa 2012. Of the 18 countries with available data, 16 experienced a decline in their Gini coefficient during this period. What explains this remarkable shift in inequality trends in Latin America?