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Effects of devaluation on income distribution

Mohsen Bahmani-Oskooee ()

Applied Economics Letters, 1997, vol. 4, issue 5, 321-323

Abstract: Few studies in the literature have argued that inflationary effects of devaluation redistribute income from workers to producers. By using cross-sectional data from 24 countries, this paper provides an empirical support for the theoretical arguements that indeed, devaluations have unequalizing effects on income distribution.

Date: 1997
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Handle: RePEc:taf:apeclt:v:4:y:1997:i:5:p:321-323