This paper explores the hypothesis that the propensity to consume out of income varies in a non-linear fashion with …

This paper uses Engel curves to estimate real income growth in Brazil. The estimated per capita household real income …, implying a marked reduction in "real" inequality. This finding challenges the conventional wisdom that post-reform real income …

larger has been the role of the declining share of household income in national income, which has occurred across …-the-board in wages, investment income, and government transfers. The paper finds that financial sector weaknesses, by restricting … income shares low and on a declining trend. …

estimate the income growth implied by the evolution of food demand and durable good ownership in post-reform Brazil and Mexico … 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 …

a fall in their asset income by saving more out of their labor income, dollar-for-dollar. In the wake of the crisis, our …

income. We use household-level data to explain the postponing of consumption despite rapid income growth. Tracing cohorts …

This paper reviews income distribution in developing (and transition) countries in recent decades. On average, before …-tax income distribution in developing countries is less unequal than in industrial countries. However, unlike industrial … countries, developing countries in general have not been able to use tax and transfer policies effectively to reduce income …