02559nam a2200337 a 4500 20181210070743.0 cr ||||||||||| 060111s2006 dcu sb i000 0 eng 2005705509 DLC DLC BD-DhBPA HG3881.5.W57 339.2098 GOG 2006 Goni, Edwin 88690 Getting real about inequality : evidence from Brazil, Colombia, Mexico, and Peru / Edwin Goni, Humberto Lopez and Luis Serven. Washington, D.C. : World Bank, 2006 27 p. : ill. ; 23 cm. Policy research working paper ; 3815 Title from PDF file as viewed on 1/11/2006. Includes bibliographical references. "Consumption 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. "--World Bank web site. Also available in print. System requirements: Adobe Acrobat Reader. Mode of access: World Wide Web. Zahid Income distribution Latin America Case studies. 108053 Lopez, Humberto 35021 Serven, Luis 54996 World Bank. 108054 Policy research working papers (Online) ; 3815. 108055 ddc BK 37574 37574 0 ddc 0 0 BPATC BPATC GRR 2018-05-13 0 339.2098 GOG 2006 WB3887 2018-05-13 00:00:00 2018-05-13 BK Zahid