A Poor Man’s Portfolio?
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Date
2023-08
Authors
Mbara, Gilbert
Journal Title
Journal ISSN
Volume Title
Publisher
African Economic Research Consortium
Abstract
Over the 10-year period between 2005 and 2015, Kenya experienced a significant decrease in both wealth and income inequality. This decline in inequality has been characterized by a fall in both the income and wealth shares of the POLICY BRIEF A Poor Man’s Portfolio? Gilbert Mbara July 2023 / No.GPIR-PB-CC003 richest members of the population, as well as modest gains for the poorest. This is contrary to what has been observed in many advanced countries where inequality has been on the rise. To understand why the Kenyan experience has been different, we investigate macroeconomic variables linked to top-end income and wealth inequality.