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 …

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 …

The paper studies how high household leverage and crises can arise as a result of changes in the income distribution …. Empirically, the periods 1920-1929 and 1983-2008 both exhibited a large increase in the income share of high-income households, a … theoretical model where higher leverage and crises arise endogenously in response to a growing income share of high-income …

This paper estimates the household income growth rates implied by food demand in a sample of urban Chinese households … in 1993–2005. Our estimates, based on Engel curves for food consumption, indicate an average per capita income growth …

calibrated to the U.S. shows that market incompleteness affects individual behavior and aggregate conditions: it reduces wages …

market and income redistribution policies that prevent the skill premium from playing its role in fostering human capital …

concerns have often surfaced in response to falling labor income shares in aggregate national income data. However, these data … may tell little about the underlying distribution of incomes based on household disposable incomes. While summary measures … of income distributions also suggest that inequality has increased in most industrialized countries, this development was …

before and after the January 1992 price liberalization is analyzed here, as are the associated movements of wages and overall … experience in Eastern Europe. Evidence on shortages, saving and income distribution is also considered. …

This paper explores the hypothesis that the propensity to consume out of income varies in a non-linear fashion with … for this hypothesis, and also suggest that private and government consumption are substitutes in the household utility …