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