Effects of devaluation on income distribution
Mohsen Bahmani-Oskooee ()
Applied Economics Letters, 1997, vol. 4, issue 5, 321-323
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.
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