01753cas a2200253 a 4500 AALejournalIMF009116 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451865356 1018-5941 BD-DhAAL BD-DhAAL de Carvalho Filho, Irineu. The Myth of Post-Reform Income Stagnation in Brazil / Irineu de Carvalho Filho, Marcos Chamon. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (34 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper uses Engel curves to estimate real income growth in Brazil. The estimated per capita household real income growth in metropolitan areas during 1987-2002 is about 4 1\2 percent per year, well above the "headline" growth of 1 1\2 percent obtained by deflating nominal incomes by the CPI. This suggests a substantial CPI bias during that period, likely owing to one-off effects of trade liberalization and inflation stabilization. The estimated unmeasured gains are higher for poorer households, implying a marked reduction in "real" inequality. This finding challenges the conventional wisdom that post-reform real income growth in Brazil was low. Mode of access: Internet Chamon, Marcos. IMF Working Papers; Working Paper ; No. 2006/275 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/275/001.2006.issue-275-en.xml IMF e-Library