Grupos de Investigación |
Seminario IECON "More Unequal or Not as Rich? On the Missing Half of Latin American Income"Presenta Mauricio De Rosa (IECON-PSE) en coautoría con Ignacio Flores (PSE-INSEAD), Marc Morgan (PSE).
Abstract: Since the beginning of this century, official estimates recorded a wide fall of income inequality in Latin America, which happened in parallel with strong economic growth. This gave reason to believe that a growing share of the economy was being more equally distributed. However, as a result of both conceptual and measurement gaps, survey-based inequality and macroeconomic growth estimates cannot be jointly analyzed unless properly adjusted. Moreover, studies using administrative data have shown that top income shares remained relatively stable at exceptionally high levels throughout the period, contrary to the evidence from surveys. In this context, can we build a consistent and comprehensive narrative about growth and inequality in the region? We combine surveys ―which only account for roughly half of national income― with a combination of tax and social security data, coupled with national accounts for ten countries, to critically examine different resulting distributions. We find that the downward inequality trend holds only for some countries, even before making the distributional estimates macro-consistent. Martes 10/8/2021 12 a 13 hs. Zoom: ID de la reunión: 864 4064 1118. Contraseña: ZD9fK!nLk6 |