The myth of post-reform income stagnation : evidence from Brazil and Mexico

The myth of post-reform income stagnation : evidence from Brazil and Mexico / prepared by Irineu de Carvalho Filho and Marcos Chamon.

Economic policies are often judged by a handful of statistics, some of which may be biased during periods of change. We estimate the income growth implied by the evolution of food demand and durable good ownership in post-reform Brazil and Mexico, and find that changes in consumption patterns are in...

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Bibliographic Details
Main Authors: Carvalho Filho, Irineu E. (Irineu Evangelista), 1971- (Author), Chamon, Marcos (Author)
Corporate Author: International Monetary Fund. Research Department
Format: eBook
Language:English
Published: Washington, D.C. : International Monetary Fund, [2008], ©2007.
©2007
Series:IMF working paper ; WP/08/197.
Subjects:
Since 1982
Income > Brazil > Econometric models.
Income > Mexico > Econometric models.
Consumer price indexes > Brazil > Econometric models.
Consumer price indexes > Mexico > Econometric models.
Consumer price indexes > Econometric models
Economic history
Economic policy > Econometric models
Income > Econometric models
Brazil > Economic conditions > 1985- > Econometric models.
Brazil > Economic policy > Econometric models.
Mexico > Economic conditions > 1982-1994 > Econometric models.
Mexico > Economic conditions > 1994- > Econometric models.
Mexico > Economic policy > Econometric models.
Brazil
Mexico
Online Access:Click for online access
Description
Summary:Economic policies are often judged by a handful of statistics, some of which may be biased during periods of change. We estimate the income growth implied by the evolution of food demand and durable good ownership in post-reform Brazil and Mexico, and find that changes in consumption patterns are inconsistent with official estimates of near stagnant incomes. That is attributed to biases in the price deflator. The estimated unmeasured income gains are higher for poorer households, implying marked reductions in "real" inequality. These findings challenge the conventional wisdom that post-reform income growth was low and did not benefit the poor
Item Description:At head of title: Research Department.
"August 2008."
Physical Description:1 online resource (52 pages) : illustrations (some color)
Bibliography:Includes bibliographical references (pages 49-52).
ISBN:145191508X
9781451915082
9781451870558
1451870558
Source of Description, Etc. Note:Print version record.

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