Macroeconomic Performance and Inequality: Brazil 1983-94

Manoel Bittencourt ()

No 130, Ibero America Institute for Econ. Research (IAI) Discussion Papers from Ibero-America Institute for Economic Research

Abstract: We examine how macroeconomic performance, mainly in the role of inflation, affected earnings inequality during the 1980’s and early 90’s in regional Brazil. The evidence shows that the high and volatile inflation rates existent at the time, combined with incomplete indexation coverage, had a regressive and significant effect on inequality. The results, based on panel time series T>N data and analysis, are robust for different concepts of inflation, inequality measures, estimators and specifications. Hence, sound macroeconomic policies, which keep inflation low and stable in the long run, are to be a necessary first step of any policy implemented to alleviate high inequality, and improve welfare in Brazil.

Keywords: Inequality; inflation; indexation coverage; minimum wage (search for similar items in EconPapers)
JEL-codes: D31 E31 O11 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2005-11-16
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (5)

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Related works:
Journal Article: MACROECONOMIC PERFORMANCE AND INEQUALITY: BRAZIL, 1983–94 (2009)
Working Paper: Macroeconomic Performance and Inequality: Brazil 1983-94 (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:got:iaidps:130

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