@article{Echevarriaetal2019,
  title = {Wealth Distribution in Cuba (2006\textendash 2014): {{A}} First Assessment Using Microdata},
  author = {Echevarr{\'i}a, Dayma and Gabriele, Alberto and Roman{\`o}, Sara and Schettino, Francesco},
  year = {2019},
  journal = {Cambridge Journal of Economics},
  volume = {43},
  number = {2},
  pages = {361--383},
  doi = {10.1093/cje/bey026},
  url = {https://doi.org/10.1093/cje/bey026},
  abstract = {Recently, a trend towards increasing inequality has been detected in both developed and developing countries. Most of these studies have been focusing on formal monetary variables, since capitalism is a socioeconomic system where monetary relations play a paramount role. However, the distribution of non-monetary assets is also very important, especially so in less developed countries. This paper applies a PCA methodology to analyse the distribution of non-monetary wealth in Cuba, a socialist country where the role of monetary relations is relatively minor. Utilizing the MICS-UNICEF `microdata', the paper provides for the first time an estimation of wealth distribution for three years (2006, 2011, 2014), by area and region. The main results show a non-monotonic wealth inequality reduction. The initial worsening (2006\textendash 11) is more than counterbalanced by a recent improvement (2011\textendash 14).},
  keywords = {Trends in Aggregate Wealth and Wealth Inequality}
}

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