caa a22 4500 378906852 CHVBK 20180305123532.0 cr unu---uuuuu 161128e20040916xx s 000 0 eng 10.2202/1558-3708.1182 doi (NATIONALLICENCE)gruyter-10.2202/1558-3708.1182 Household Income Dynamics in Two Transition Economies [Elektronische Daten] [Michael Lokshin, Martin Ravallion] We test for the existence of poverty traps and distribution-dependent growth using a nonlinear dynamic panel data model of household incomes allowing for endogenous attrition. Our estimates for Hungary and Russia in the 1990s reveal significant nonlinearity in the dynamics, consistent with the claim that income inequality attenuates growth in mean income. However, we do not find evidence of a threshold effect at low incomes, as postulated by models of dynamic poverty traps. Our results indicate that households generally bounce back from transient shocks, though we find that the adjustment process is slower for households who are poorer in steady state. ©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston Lokshin Michael World Bank, mlokshin@worldbank.org aut Ravallion Martin World Bank, mravallion@worldbank.org aut Studies in Nonlinear Dynamics & Econometrics De Gruyter 8/3(2004-09-16) 8:3 2004 8 snde https://doi.org/10.2202/1558-3708.1182 text/html Onlinezugriff via DOI 1 research article jats NATIONALLICENCE 856 40 https://doi.org/10.2202/1558-3708.1182 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Lokshin Michael World Bank, mlokshin@worldbank.org aut NATIONALLICENCE 700 1- Ravallion Martin World Bank, mravallion@worldbank.org aut NATIONALLICENCE 773 0- Studies in Nonlinear Dynamics & Econometrics De Gruyter 8/3(2004-09-16) 8:3 2004 8 snde CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-gruyter