disproportionate benefits to higher-income households. …

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

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 …

This paper shows that aggregate investment expenditure shares on tradable and nontradable goods are very similar across … countries and regions. Furthermore, the two expenditure shares have remained close to constant over time, with the average … expenditure share on nontradables varying between 0.54-0.62 over the 1960-2004 period. These empirical findings offer a new …

standard CPI and a democratically weighed index (i.e., the plutocratic bias) as the product of average income, income … inequality, and the covariance between individual price indexes and a parameter related to each good's income elasticity. This …

procyclical vis-à-vis sending country income. Second, remittances tend to be spent on consumption of both imported and …