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The myth of post-reform income stagnation in Brazil /
This paper uses Engel curves to estimate real income growth in Brazil. The estimated per capita household real income growth in metropolitan areas during 1987-2002 is about 4 1/2 percent per year, well above the "headline" growth of 1 1/2 percent obtained by deflating nominal incomes by th...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
2006.
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| Colección: | IMF working paper ;
WP/06/275. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | This paper uses Engel curves to estimate real income growth in Brazil. The estimated per capita household real income growth in metropolitan areas during 1987-2002 is about 4 1/2 percent per year, well above the "headline" growth of 1 1/2 percent obtained by deflating nominal incomes by the CPI. This suggests a substantial CPI bias during that period, likely owing to one-off effects of trade liberalization and inflation stabilization. The estimated unmeasured gains are higher for poorer households, implying a marked reduction in "real" inequality. This finding challenges the conventional wisdom that post-reform real income growth in Brazil was low. |
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| Descripción Física: | 1 online resource (34 pages) |
| Bibliografía: | Includes bibliographical references. |
| ISBN: | 1283515482 9781283515481 9781451909883 1451909888 |
| ISSN: | 2227-8885 ; |