The Microeconomics of Income Distribution Dynamics in East Asia and Latin America (World Bank Publication)

"This volume presents a fascinating collection of studies on the dynamics of income inequality based on micro data. Using a simple but powerful empirical methodology, the authors analyze the roles of prices, occupational choice, and educational choice in accounting for household income and its contribution to inequality. It casts doubt on the grand theories of growth and income inequality that have dominated discussions in development economics. It paves the way for a full-blown, micro-based general equilibrium theory of income determination and income inequality." --James Heckman, Professor of Economics, University of Chicago, and 2000 Nobel Laureate in Economics "This is a ground-breaking study by an outstanding group of authors. In attempting to disentangle the forces that influence changes in income distribution over time and to assess their quantitative impact within a coherent decomposition framework, the volume sets a new standard for future research on the dynamics of income inequality." --Anthony Shorrocks, Director, World Institute for Development Economics Research, Helsinki "This volume presents a fascinating collection of studies on the dynamics of income inequality based on micro data. Using a simple but powerful empirical methodology, the authors analyze the roles of prices, occupational choice, and educational choice in accounting for household income and its contribution to inequality. It casts doubt on the grand theories of growth and income inequality that have dominated discussions in development economics. It paves the way for a full-blown, micro-based general equilibrium theory of income determination and income inequality." --James Heckman, Professor of Economics, University of Chicago, and 2000 Nobel Laureate in Economics "This is a ground-breaking study by an outstanding group of authors. In attempting to disentangle the forces that influence changes in income distribution over time and to assess their quantitative impact within a coherent decomposition framework, the volume sets a new standard for future research on the dynamics of income inequality." --Anthony Shorrocks, Director, World Institute for Development Economics Research, Helsinki "This volume presents a fascinating collection of studies on the dynamics of income inequality based on micro data. Using a simple but powerful empirical methodology, the authors analyze the roles of prices, occupational choice, and educational choice in accounting for household income and its contribution to inequality. It casts doubt on the grand theories of growth and income inequality that have dominated discussions in development economics. It paves the way for a full-blown, micro-based general equilibrium theory of income determination and income inequality." --James Heckman, Professor of Economics, University of Chicago, and 2000 Nobel Laureate in Economics "This is a ground-breaking study by an outstanding group of authors. In attempting to disentangle the forces that influence changes in income distribution over time and to assess their quantitative impact within a coherent decomposition framework, the volume sets a new standard for future research on the dynamics of income inequality." --Anthony Shorrocks, Director, World Institute for Development Economics Research, Helsinki "This volume presents a fascinating collection of studies on the dynamics of income inequality based on micro data. Using a simple but powerful empirical methodology, the authors analyze the roles of prices, occupational choice, and educational choice in accounting for household income and its contribution to inequality. It casts doubt on the grand theories of growth and income inequality that have dominated discussions in development economics. It paves the way for a full-blown, micro-based general equilibrium theory of income determination and income inequality." --James Heckman, Professor of Economics, University of Chicago, and 2000 Nobel Laureate in Economics "This is a ground-breaking study by an outstanding group of authors. In attempting to disentangle the forces that influence changes in income distribution over time and to assess their quantitative impact within a coherent decomposition framework, the volume sets a new standard for future research on the dynamics of income inequality." --Anthony Shorrocks, Director, World Institute for Development Economics Research, Helsinki