TY  - BOOK
AU  - Lopez,J.Humberto
AU  - Serven,Luis
ED  - World Bank.
TI  - A normal relationship ? : poverty, growth, and inequality 
T2  - Policy research working paper
AV  - HG3881.5.W57 
U1  - 339.2 
PY  - 2006///
CY  - Washington, D.C.
PB  - World Bank
KW  - Income distribution
KW  - Case studies
KW  - Poverty
KW  - Economic development
N1  - Title from PDF file as viewed on 1/12/2006; Includes bibliographical references; Also available in print
N2  - "Using a large cross-country income distribution dataset spanning close to 800 country-year observations from industrial and developing countries, the authors show that the size distribution of per capita income is well approximated empirically by a lognormal density.  The null hypothesis that per capita income follows a lognormal distribution cannot be rejected-although the same hypothesis is unambiguously rejected when applied to per capita consumption.  The authors show that lognormality of per capita income has important implications for the relative roles of income growth and inequality changes in poverty reduction.  When poverty reduction is the overriding policy objective, poorer and relatively equal countries may be willing to tolerate modest increases in income inequality in exchange for faster growth-more so than richer and highly unequal countries. "--World Bank web site
ER  -