Publication:
Getting Real about Inequality : Evidence from Brazil, Colombia, Mexico, and Peru

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dc.contributor.authorGoñi, Edwin
dc.contributor.authorServén, Luis
dc.contributor.authorLópez, Humberto
dc.date.accessioned2012-06-22T16:31:59Z
dc.date.available2012-06-22T16:31:59Z
dc.date.issued2006-01
dc.description.abstractConsumption baskets vary across households and inflation rates vary across goods. As a result, standard consumer price index (CPI) inflation may provide a misleading measure of the inflation actually faced by poor households, more so the more unequal the distribution of aggregate consumption across households. Likewise, changes in observed nominal consumption inequality may be very different from those in true inequality, that is, that measured using household-specific CPIs. The authors explore empirically these issues using household data covering nine episodes from four Latin American countries (Brazil, Colombia, Mexico, and Peru). They find that in these countries standard CPI inflation typically reflects the inflation rate faced by a rich consumer located in the 80 to 90 percentile of the distribution of consumption expenditure. In most episodes the authors also find that inflation was anti-rich-that is, the inflation faced by the richest consumers was higher than the inflation faced by the poorest consumers. As a result of this bias, the observed increases in nominal inequality generally exceed the actual changes in real inequality. These results are robust to correcting for quality change bias in the CPI, to the use of alternative price indices, and to the use of alternative inequality measures.en
dc.identifierhttp://documents.worldbank.org/curated/en/2006/01/6525971/getting-real-inequality-evidence-brazil-colombia-mexico-peru
dc.identifier.doi10.1596/1813-9450-3815
dc.identifier.urihttps://hdl.handle.net/10986/8796
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 3815
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectABSOLUTE VALUE
dc.subjectADMINISTERED PRICES
dc.subjectANNUAL INFLATION
dc.subjectAVERAGE ANNUAL
dc.subjectAVERAGE CONSUMPTION
dc.subjectBASE YEAR
dc.subjectBENCHMARK
dc.subjectCENTRAL BANK
dc.subjectCONSUMER
dc.subjectCONSUMER PRICE
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONSUMER PRICE INDICES
dc.subjectCONSUMERS
dc.subjectCONSUMPTION EXPENDITURE
dc.subjectCONSUMPTION GROWTH
dc.subjectCONSUMPTION LEVELS
dc.subjectCONSUMPTION PATTERNS
dc.subjectCOST OF LIVING
dc.subjectDEVELOPING WORLD
dc.subjectDISTRIBUTIONAL IMPACT
dc.subjectECONOMIC STATISTICS
dc.subjectECONOMIC STUDIES
dc.subjectEMPIRICAL ANALYSIS
dc.subjectEMPIRICAL EVIDENCE
dc.subjectEMPIRICAL LITERATURE
dc.subjectEMPIRICAL RESULTS
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectGINI COEFFICIENT
dc.subjectGROWTH RATE
dc.subjectHIGH INEQUALITY
dc.subjectHOUSEHOLD CONSUMPTION
dc.subjectHOUSEHOLD DATA
dc.subjectHOUSEHOLD EXPENDITURE
dc.subjectHOUSEHOLD EXPENDITURE SURVEYS
dc.subjectHOUSEHOLD INCOME
dc.subjectINCOME
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME GROUPS
dc.subjectINCOME LEVELS
dc.subjectINCREASING FUNCTION
dc.subjectINDEXATION
dc.subjectINEQUALITY
dc.subjectINEQUALITY CHANGES
dc.subjectINEQUALITY INDEX
dc.subjectINEQUALITY INDICATORS
dc.subjectINEQUALITY MEASURES
dc.subjectINEQUALITY TRENDS
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFLATION RATES
dc.subjectLATIN AMERICAN
dc.subjectLIVING ADJUSTMENT
dc.subjectMEASUREMENT ERROR
dc.subjectMEASUREMENT ERRORS
dc.subjectNOMINAL INCOME
dc.subjectNOMINAL INCOMES
dc.subjectOBSERVED CHANGE
dc.subjectOBSERVED CHANGES
dc.subjectPOLICY RESEARCH
dc.subjectPOLITICAL ECONOMY
dc.subjectPOOR HOUSEHOLDS
dc.subjectPRICE CHANGES
dc.subjectPRICE INCREASE
dc.subjectPRICE INDICES
dc.subjectPRICE STRUCTURE
dc.subjectPRICE TRENDS
dc.subjectPUBLIC TRANSFERS
dc.subjectREAL INCOME
dc.subjectSIGNIFICANT DIFFERENCES
dc.subjectSUBSTITUTE
dc.subjectSUBSTITUTES
dc.subjectSUBSTITUTION
dc.subjectTOTAL CONSUMPTION
dc.subjectWAGES
dc.titleGetting Real about Inequality : Evidence from Brazil, Colombia, Mexico, and Peruen
dspace.entity.typePublication
okr.crossref.titleGetting Real About Inequality : Evidence From Brazil, Colombia, Mexico, And Peru
okr.date.doiregistration2025-04-10T09:50:25.175655Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2006/01/6525971/getting-real-inequality-evidence-brazil-colombia-mexico-peru
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticePoverty
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid541661468049747153
okr.identifier.doi10.1596/1813-9450-3815
okr.identifier.externaldocumentum000016406_20060110165055
okr.identifier.internaldocumentum6525971
okr.identifier.reportWPS3815
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2006/01/10/000016406_20060110165055/Rendered/PDF/wps3815.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.countryBrazil
okr.region.countryPeru
okr.region.countryMexico
okr.region.countryColombia
okr.topicEconomic Theory and Research
okr.topicMacroeconomics and Economic Growth::Markets and Market Access
okr.topicMacroeconomics and Economic Growth::Consumption
okr.topicInternational Economics and Trade::Access to Markets
okr.topicPoverty Reduction::Inequality
okr.topicInternational Economics and Trade
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublication2c4139d2-7458-5296-9aea-6d3db3e1ae1e
relation.isAuthorOfPublication87169c2a-cc00-5945-b418-c06e0faeb3e2
relation.isAuthorOfPublication.latestForDiscovery87169c2a-cc00-5945-b418-c06e0faeb3e2
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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