07195oam 22011654 450 991081096850332120240402050456.01-4623-3864-X1-4527-5008-41-4518-7055-81-282-84148-39786612841484(CKB)3170000000055095(EBL)1607997(SSID)ssj0001479339(PQKBManifestationID)11928549(PQKBTitleCode)TC0001479339(PQKBWorkID)11482326(PQKB)11526861(OCoLC)467272665(MiAaPQ)EBC1607997(IMF)WPIEE2008197(EXLCZ)99317000000005509520020129d2008 uf 0engurcnu||||||||txtccrThe Myth of Post-Reform Income Stagnation : Evidence from Brazil and Mexico /Irineu de Carvalho Filho, Marcos Chamon1st ed.Washington, D.C. :International Monetary Fund,2008.1 online resource (54 p.)IMF Working PapersDescription based upon print version of record.1-4519-1508-X Includes bibliographical references.Contents; I. Introduction; II. Empirical Methodology; III. Brazil; A. Background on Economic Policy Changes; B. Data; C. Results; D. Evidence from Durable Goods Ownership and Anthropometrics; E. Food Consumption in the 1970's; IV. Mexico; A. Background on Economic Policy Changes; B. Data; C. Results; D. Evidence from Durable Goods Ownership and Anthropometrics; V. Discussion and Conclusion; Text Tables; 1. Descriptive Statistics for Brazil; 2. Regression Results for Brazil, Full Sample; 3. Annual Bias Estimates for Brazil Across Different Methods and Samples4. Household Per Capita Expenditure and Net Income in Brazil 5. Anthropometric Measures for Children 0-60 Months Old in Brazil; 6. Brazil: Ownership of Durable Goods, and Sensitivity to Income; 7. Descriptive Statistics for Mexico; 8. Regression Results for Mexico, Pooled Sample; 9. Household Per Capita Expenditure and Net Income in Mexico: Headline And Corrected (in 2002 Pesos); 10. Anthropometric Measures for Children 0-60 Months Old in Mexico; 11. Mexico: Ownership for Durable Goods, and Sensitivity to Income; Text Figures; 1. Brazil: GDP Per Capita and Average Growth in Decade2. Mexico: GDP Per Capita and Average Growth in Decade 3. Changes in Relative Prices in Brazil; 4. Non-Parametric Estimates of Relationship between Food Shares and Household Expenditure in Brazil; 5A. Estimated Bias in Brazil in 1987/88-1995/96 as a Function of CPI-Measured Real Expenditure in 1995/96; 5B. Estimated Bias in Brazil 1995/96-2002/03 as a Function of CPI-Measured Real Expenditure in 2002/03; 6A. Distribution of Expenditure in Brazil Deflated by the CPI: 87/88, 95/96 and 02/036B. Distribution of Expenditure in Brazil Deflated by the Estimated True Cost of Living Index: 97/88, 95/96 and 02/03 7A. Changes in Durable Goods Holdings in Brazil and Sensitivity to Income; 7B. Changes in Durable Goods Holdings in Brazil and Sensitivity to Income; 8. Evolution of the Food Budget Share in Brazil since in 1974/75-2002/03; 9. Changes in Relative Prices in Mexico; 10. Non-Parametric Estimates of Relationship Between Food Budget Shares And Household Expenditure in Mexico11A. Estimated Bias in Mexico in 1984-1998 as a Function of CPI-Measured Real Expenditure in 1998 and Distribution of the Latter 11B. Estimated Bias in Mexico in 1998-2006 as a Function of CPI-Measured Real Expenditure in 2006 and Distribution of the Latter; 12. Estimated Cumulative Bias in Mexico Since 1984 Across Different Methods and Samples; 13A. Distribution of CPI-Measured Real Expenditure in Mexico; 13B. Distribution of Expenditure in Mexico Deflated by the Estimated True Cost of Living Index; 14A. Changes in Durable Goods Holdings in Mexico and Sensitivity to Income14B. Changes in Durable Goods Holdings in Mexico and Sensitivity to IncomeEconomic 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.IMF Working Papers; Working Paper ;No. 2008/197IncomeBrazilEconometric modelsIncomeMexicoEconometric modelsConsumer price indexesBrazilEconometric modelsConsumer price indexesMexicoEconometric modelsMacroeconomicsimfPublic FinanceimfNational Government Expenditures and Related Policies: GeneralimfPersonal Income, Wealth, and Their DistributionsimfPrice LevelimfInflationimfDeflationimfUrban, Rural, and Regional Economics: Household Analysis: GeneralimfPublic finance & taxationimfExpenditureimfPersonal incomeimfConsumer price indexesimfPublic expenditure reviewimfHousehold consumptionimfExpenditures, PublicimfIncomeimfPrice indexesimfConsumptionimfEconomicsimfBrazilimfIncomeEconometric models.IncomeEconometric models.Consumer price indexesEconometric models.Consumer price indexesEconometric models.MacroeconomicsPublic FinanceNational Government Expenditures and Related Policies: GeneralPersonal Income, Wealth, and Their DistributionsPrice LevelInflationDeflationUrban, Rural, and Regional Economics: Household Analysis: GeneralPublic finance & taxationExpenditurePersonal incomeConsumer price indexesPublic expenditure reviewHousehold consumptionExpenditures, PublicIncomePrice indexesConsumptionEconomics339.20981de Carvalho Filho Irineu1610173Chamon Marcos1090692DcWaIMFBOOK9910810968503321The Myth of Post-Reform Income Stagnation4070698UNINA