LEADER 07229oam 22011774 450 001 9910810968503321 005 20200520144314.0 010 $a1-4623-3864-X 010 $a1-4527-5008-4 010 $a1-4518-7055-8 010 $a1-282-84148-3 010 $a9786612841484 035 $a(CKB)3170000000055095 035 $a(EBL)1607997 035 $a(SSID)ssj0001479339 035 $a(PQKBManifestationID)11928549 035 $a(PQKBTitleCode)TC0001479339 035 $a(PQKBWorkID)11482326 035 $a(PQKB)11526861 035 $a(OCoLC)467272665 035 $a(IMF)WPIEE2008197 035 $a(MiAaPQ)EBC1607997 035 $a(IMF)WPIEA2008197 035 $a(EXLCZ)993170000000055095 100 $a20020129d2008 uf 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe Myth of Post-Reform Income Stagnation : $eEvidence from Brazil and Mexico /$fIrineu de Carvalho Filho, Marcos Chamon 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2008. 215 $a1 online resource (54 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 $a1-4519-1508-X 320 $aIncludes bibliographical references. 327 $aContents; 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 Samples 327 $a4. 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 Decade 327 $a2. 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 02/03 327 $a6B. 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 Mexico 327 $a11A. 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 Income 327 $a14B. Changes in Durable Goods Holdings in Mexico and Sensitivity to Income 330 3 $aEconomic policies are often judged by a handful of statistics, some of which may be biased during periods of change. We estimate the income growth implied by the evolution of food demand and durable good ownership in post-reform Brazil and Mexico, and find that changes in consumption patterns are inconsistent with official estimates of near stagnant incomes. That is attributed to biases in the price deflator. The estimated unmeasured income gains are higher for poorer households, implying marked reductions in "real" inequality. These findings challenge the conventional wisdom that post-reform income growth was low and did not benefit the poor. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2008/197 606 $aIncome$zBrazil$xEconometric models 606 $aIncome$zMexico$xEconometric models 606 $aConsumer price indexes$zBrazil$xEconometric models 606 $aConsumer price indexes$zMexico$xEconometric models 606 $aConsumer price indexes$2imf 606 $aConsumption$2imf 606 $aDeflation$2imf 606 $aEconomics$2imf 606 $aExpenditure$2imf 606 $aExpenditures, Public$2imf 606 $aHousehold consumption$2imf 606 $aIncome$2imf 606 $aInflation$2imf 606 $aMacroeconomics$2imf 606 $aNational Government Expenditures and Related Policies: General$2imf 606 $aPersonal income$2imf 606 $aPersonal Income, Wealth, and Their Distributions$2imf 606 $aPrice indexes$2imf 606 $aPrice Level$2imf 606 $aPublic expenditure review$2imf 606 $aPublic finance & taxation$2imf 606 $aPublic Finance$2imf 606 $aUrban, Rural, and Regional Economics: Household Analysis: General$2imf 607 $aBrazil$2imf 615 0$aIncome$xEconometric models. 615 0$aIncome$xEconometric models. 615 0$aConsumer price indexes$xEconometric models. 615 0$aConsumer price indexes$xEconometric models. 615 7$aConsumer price indexes 615 7$aConsumption 615 7$aDeflation 615 7$aEconomics 615 7$aExpenditure 615 7$aExpenditures, Public 615 7$aHousehold consumption 615 7$aIncome 615 7$aInflation 615 7$aMacroeconomics 615 7$aNational Government Expenditures and Related Policies: General 615 7$aPersonal income 615 7$aPersonal Income, Wealth, and Their Distributions 615 7$aPrice indexes 615 7$aPrice Level 615 7$aPublic expenditure review 615 7$aPublic finance & taxation 615 7$aPublic Finance 615 7$aUrban, Rural, and Regional Economics: Household Analysis: General 676 $a339.20981 700 $ade Carvalho Filho$b Irineu$01610173 701 $aChamon$b Marcos$01090692 801 0$bDcWaIMF 906 $aBOOK 912 $a9910810968503321 996 $aThe Myth of Post-Reform Income Stagnation$94070698 997 $aUNINA