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CPS2010 Rodrigo L. et al.
                  Figure 1: South America, mean values of asset index at the second
                administrative level of geography; Data source: Integrated Public Use
                               Microdata Series (IPUMS) International
































                Gaps in progress between urban and rural areas are also observed in our
            results,  similarly  to  previous  research  (Sahn  and  Stifel,  2003).  Figure  2
            represents  the  number  of  people  with  low  and  high  asset  index  values  in
            Paraguay by urban or rural area of residence, where the cutoff values coincide
            with the top and bottom groups from the previous figure. Note that rural
            population in Paraguay is 31% of total population in 1992 and 29% of total
            population  in  2002,  such  that  we  do  not  observe  a  significant  increase  in
            urbanization over a span of 10 years. Figures 2A and 2B represent all rural and
            urban population with an asset index value lower than -0.1 in the years of 1992
            and 2002, respectively. The rural population is represented with black dots and
            the  urban  population  is  represented  with  pink  dots,  where  each  dot
            corresponds to 20 people. Results show a decrease in the number of both rural
            and urban population with an asset index lower than -0.1 between 1992 and
            2002. Figure 2C and 2D show the higher cutoff for the asset index, where the
            rural population is represented with green dots and the urban population with
            blue dots. Figure 2E is a zoomed portion of Figure 2D where we only show the
            urban area of Asuncion in Paraguay. The figures show an overall increase in
            population in the high asset group over time, which is significantly higher for
            people residing in urban areas.



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