The subject of Latin America’s middle class has been in the news frequently over the past few years. Together . Therefore Latin America’s middle class is often a hotly debated subject. But how large is Latin America’s middle class? Different studies have yielded a wide range of estimates: anywhere between 170 and 350 million people. […]
Marry Someone Poorer than You, Reduce Income Inequality
Everybody is talking about inequality and everybody seems to have their own favorite culprit, from globalization, to deregulation, to skill-biased technical change, and political capture. Yet a recent paper by Greenwood, Guner, Kocharkov and Cezar Santos (Greenwood, Jeremy, et al. “Marry Your Like: Assortative Mating and Income Inequality.” National Bureau of Economic Research, No. w19829, […]