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It has become common wisdom amongst monetary policy professionals that central banks in Latin America should adopt inflation targeting. Pure inflation targeting implicitly assumes a social loss welfare function dependent on only inflation. In this working paper, using subjective well-being...
Persistent link: https://www.econbiz.de/10010943695
Following the 1994 financial crisis, the rate of saving of the Mexican economy fell from 21.7 percent to 19.8 percent of GDP. The decline was associated with a reduction in the rate of external saving from 6.9 to 0.5 percent between 1994 and 1995. The overall reduction was not more dramatic...
Persistent link: https://www.econbiz.de/10010943745
We identify whether remittances facilitate consumption smoothing during health shocks in Jamaica. In addition, we investigate whether remittances are subject to moral hazard by receivers, how the informal insurance provided by remittances interacts with formal health insurance, and whether there...
Persistent link: https://www.econbiz.de/10010943764
This paper provides an estimation of the size of income and demand automatic stabilizers in a representative sample of … size of income and demand automatic stabilizers coefficients is much smaller than the size of these coefficients in Europe … income stabilization coefficient and two others affecting directly the demand stabilization coefficient. The main results …
Persistent link: https://www.econbiz.de/10010943765
unmarried elderly females, the increase in social security income explains most of the increase in the probability of living …
Persistent link: https://www.econbiz.de/10010943920
definitions of middle-class using data from the 2007 World Gallup Poll. Seven objective income-based definitions of social class … fact that self-perceived social status is associated not just with income, but also with personal capabilities …
Persistent link: https://www.econbiz.de/10010943989
This paper studies the empirical links among factor endowments, trade, and personal income distribution. The motivation … changes are quite complex and their final effect on income distribution is theoretically unclear. The author's aim is to … present the stylized empirical facts on the relations between income distribution, factor endowments, and trade. …
Persistent link: https://www.econbiz.de/10010944059
income persistence coefficients estimated with pseudo-panel data for Colombia, Ecuador, and Uruguay indicate that … indicate the direction of such mobility, the estimates of income differentials between entrepreneurs and non-entrepreneurs for …
Persistent link: https://www.econbiz.de/10010944085
This paper argues that there is no country in Latin America where we can confidently say that income inequality … schooling are the main reason why income distribution has not improved in the 1990s. However, the lack of progress in income …
Persistent link: https://www.econbiz.de/10010944090
evaluate the impact of health on the income of working elderly individuals. The results find that health measures have a strong …
Persistent link: https://www.econbiz.de/10010944171