Getting Real about Inequality

Getting Real about Inequality
Author :
Publisher :
Total Pages : 36
Release :
ISBN-13 : UCSD:31822034971101
ISBN-10 :
Rating : 4/5 ( Downloads)

Book Synopsis Getting Real about Inequality by : Edwin Goñi

Download or read book Getting Real about Inequality written by Edwin Goñi and published by . This book was released on 2006 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consumption baskets vary across households and inflation rates vary across goods. As a result, standard consumer price index (CPI) inflation may provide a misleading measure of the inflation actually faced by poor households, more so the more unequal the distribution of aggregate consumption across households. Likewise, changes in observed nominal consumption inequality may be very different from those in true inequality, that is, that measured using household-specific CPIs. The authors explore empirically these issues using household data covering nine episodes from four Latin American countries (Brazil, Colombia, Mexico, and Peru). They find that in these countries standard CPI inflation typically reflects the inflation rate faced by a rich consumer located in the 80 to 90 percentile of the distribution of consumption expenditure. In most episodes the authors also find that inflation was anti-rich-that is, the inflation faced by the richest consumers was higher than the inflation faced by the poorest consumers. As a result of this bias, the observed increases in nominal inequality generally exceed the actual changes in real inequality. These results are robust to correcting for quality change bias in the CPI, to the use of alternative price indices, and to the use of alternative inequality measures.


Getting Real about Inequality Related Books

Getting Real about Inequality
Language: en
Pages: 36
Authors: Edwin Goñi
Categories: Desigualdad - America Latina
Type: BOOK - Published: 2006 - Publisher:

DOWNLOAD EBOOK

Consumption baskets vary across households and inflation rates vary across goods. As a result, standard consumer price index (CPI) inflation may provide a misle
Annual World Bank Conference on Development Economics Regional 2007
Language: en
Pages: 386
Authors: François Bourguignon
Categories: Social Science
Type: BOOK - Published: 2007-01-01 - Publisher: World Bank Publications

DOWNLOAD EBOOK

Global Development Finance (GDF), is the World Bank's annual review of recent trends in and prospects for financial flows to developing countries. It is an indi
Poverty, Inequality, and Democracy
Language: en
Pages: 212
Authors: Francis Fukuyama
Categories: Political Science
Type: BOOK - Published: 2012-03 - Publisher: JHU Press

DOWNLOAD EBOOK

The rise of populism in new democracies, especially in Latin America, has brought renewed urgency to the question of how liberal democracy deals with issues of
Growth and Poverty in Sub-Saharan Africa
Language: en
Pages: 499
Authors: Channing Arndt
Categories: Business & Economics
Type: BOOK - Published: 2016 - Publisher: Oxford University Press

DOWNLOAD EBOOK

While the economic growth renaissance in sub-Saharan Africa is widely recognized, much less is known about progress in living conditions. This book comprehensiv
LAC Semiannual Report October 2014
Language: en
Pages: 73
Authors: Augusto de la Torre
Categories: Business & Economics
Type: BOOK - Published: 2014-10-08 - Publisher: World Bank Publications

DOWNLOAD EBOOK

As usual in this series, Chapter 1 reviews the configuration of global risks and assesses the outstanding short term opportunities and challenges facing the LAC