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The Myth of Post-Reform Income Stagnation: Evidence from Brazil and Mexico

The Myth of Post-Reform Income Stagnation: Evidence from Brazil and Mexico by Irineu E. Carvalho Filho
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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.
International Monetary Fund; August 2008
52 pages; ISBN 9781452750088
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Title: The Myth of Post-Reform Income Stagnation: Evidence from Brazil and Mexico
Author: Irineu E. Carvalho Filho; Marcos Chamon
 
ISBNs
145191508X
9781451870558
9781451915082
9781452750088