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Additional resources for Latin America’s Emerging Middle Classes: Economic Perspectives
2010) Las clases medias en América Latina (Mexico City: Siglo XXI Editores and CEPAL). , M. Hopenhayn and A. León (2011) ‘The growing and changing middle class in Latin America: An update’, CEPAL Review, no. 103, 7–25. Garroway, C. and J. R. de Laiglesia (2012) ‘On the Relevance of Relative Poverty Lines for Developing Countries’, OECD Development Centre Working Paper 314 (Paris: OECD Publishing). Hoselitz, B. F. (1962) ‘El desarrollo económico en América Latina’ Desarrollo Económico, no. 2 (October), 49–65.
Relative-income measures like the OECD ‘50–150’ definition look at the households in the middle of the income distribution, allowing us to ask: how many of them are vulnerable? , finds that a majority of middle-class workers thus measured in Chile, Colombia, Mexico and Peru have informal-sector jobs, and fewer than half are covered by any sort of social-protection or social-insurance scheme. Chapter 5, meanwhile, uses the multidimensional poverty index developed by the Colombian National Planning Department – which measures non-income aspects of poverty, including poor education, health and housing conditions.
Hopenhayn and A. León (2011) ‘The growing and changing middle class in Latin America: An update’, CEPAL Review, no. 103, 7–25. Garroway, C. and J. R. de Laiglesia (2012) ‘On the Relevance of Relative Poverty Lines for Developing Countries’, OECD Development Centre Working Paper 314 (Paris: OECD Publishing). Hoselitz, B. F. (1962) ‘El desarrollo económico en América Latina’ Desarrollo Económico, no. 2 (October), 49–65. ICP [International Comparison Program] (2014) Purchasing Power Parities and Real Expenditures of World Economies: Summary of Results and Findings of the 2011 International Comparison Program (Washington, DC: The World Bank).