Filho, Irineu E. Carvalho; Chamon, Marcos - International Monetary Fund (IMF) - 2006
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 4½ percent per year, well above the "headline" growth of 1½ percent obtained by deflating nominal incomes by the CPI....
