An Estimation of CPI Biases in Argentina 1985-2005, and its Implications on Real Income Growth and Income Distribution
AbstractWe use the shifts in Engel curves estimated from household surveys to estimate CPI biases in Argentina between 1985 and 2005. We find that real earning levels increased during this period between 4.3 and 5.7% faster per year than previously estimated. More surprisingly, relative to conventional wisdom, that income distribution has improved throughout this period.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 42950.
Date of creation: Nov 2010
Date of revision:
CPI Biases; Argentina; Income; Growth; Distribution;
Other versions of this item:
- Gluzmann, Pablo & Sturzenegger, Federico, 2009. "An Estimation of CPI Biases in Argentina 1985-2005, and its Implications on Real Income Growth and Income Distribution," MPRA Paper 42930, University Library of Munich, Germany.
- Pablo Gluzmann & Federico Sturzenegger, 2009. "An Estimation of CPI Biases in Argentina 1985-2005, and its Implications on Real Income Growth and Income Distribution," CEDLAS, Working Papers 0087, CEDLAS, Universidad Nacional de La Plata.
- I31 - Health, Education, and Welfare - - Welfare and Poverty - - - General Welfare
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- I3 - Health, Education, and Welfare - - Welfare and Poverty
- I32 - Health, Education, and Welfare - - Welfare and Poverty - - - Measurement and Analysis of Poverty
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- Dora L. Costa, 2001. "Estimating Real Income in the United States from 1888 to 1994: Correcting CPI Bias Using Engel Curves," Journal of Political Economy, University of Chicago Press, vol. 109(6), pages 1288-1310, December.
- Yatchew, A., 1997. "An elementary estimator of the partial linear model," Economics Letters, Elsevier, vol. 57(2), pages 135-143, December.
- Irineu E. Carvalho Filho & Marcos Chamon, 2006. "The Myth of Post-Reform Income Stagnation in Brazil," IMF Working Papers 06/275, International Monetary Fund.
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