Change in the PerceptionRussia experienced a precipitous drop in real of the Poverty Line during income from March 1993 to Times of Depression September 1996. As the percentage of the *" objectively" poor (those with Russia 1993-96 income below the official poverty line) increased, the percentage of the Branko Milanovic "asubjectively" poor (those Branko Jovanovic who felt poor) decreased. Perception of the subjective poverty line went down even faster than real incomes.

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RESUMEN: El presente trabajo analiza el nivel de desigualdad en la distribución de la renta existente en América Latina a comienzos del siglo XXI así como su evolución en las últimas décadas, todo ello desde una perspectiva comparada tanto intracontinental (entre los distintos países de América Latina), como entre ésta y otras regiones del mundo. En segundo lugar se estudia cuál ha sido el comportamiento de la desigualdad en las últimas décadas. En tercer lugar se revisan los factores que están detrás de esa mayor desigualdad que hace de América Latina la región más desigual del mundo, prestando especial atención al modelo colonizador y al desigual acceso a la propiedad de la tierra consagrado por el mismo; a la desigualdad de acceso a la educación; al escaso papel redistribuidor del sector público y a factores demográficos. Por último se apuntan los potenciales efectos negativos que se derivan de este estado de cosas.ABSTRACT: This article analyzes the level of inequality in the rent distribution in Latin America at the beginning of the 21st century, as well as its evolution through the last decades, from a comparative intra-continental perspective (analyzing the different Latin American countries), and also comparing the region with others. In second place it studies the behavior of inequalitythrough the last decades. In third place, it revises the factors behind that inequality, since those factors make Latin America the most unequal region in the world, paying special attention to the colonization model and to the unequal access to land ownership, as well as to the unequal access to education, to the poor redistributing role of the public sector and to demographic factors. Lastly, it describes the potentially negative effects produced by this state of things.

The paper presents the first estimate of the welfare ratio for Serbia using the 19th and early 20th century data on wages of skilled and unskilled workers (including the part paid in kind) and prices of goods that enter into “subsistence” and “respectability” consumption baskets. It finds a stagnation of unskilled wage close to the welfare ratio of 1, and a modest increase in skilled wage. The paper introduces several adjustments to conventional methodology in order to make it more relevant for predominantly agricultural societies. (Stone Center on Socio-Economic Inequality Working Paper)