How Mexico's Financial Crisis Affected Income Distribution

After Mexico's financial crisis in 1994, the distribution of income, and labor earnings improved. Did inequality increase during the recession, as one would expect, since the rich have more ways to protect their assets than the poor do? After all, labor is poor people's only asset (the lab...

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Bibliographic Details
Main Authors:	Lopez-Acevedo, Gladys, Salinas, Angel
Format:	Publications & Research
Language:	en_US
Published:	World Bank, Washington, DC 2015
Subjects:	aggregate growth agriculture allocation effect average rate domestic demand dynamic decomposition earnings inequality economic growth economic policy economic sector economic sectors elasticity endogenous variable explanatory power exports financial crisis fishing forestry GDP GDP per capita Gini coefficient Gini Index gross domestic product gross domestic product growth growth rate household income household members income income distribution income effect income gross income groups income inequality income share income source income sources increased rate inequality inequality changes inequality index labor force labor market low-income countries macroeconomic policies monetary transfers negative growth net effect per capita income policy research poor people population share real wage reducing inequality relative income relative labor skill premium skilled labor skilled workers social services technological change unemployment unemployment rate urban areas wages financial crises earnings capacity inequity poverty incidence capital market volatility monetary indicators financial intermediation aggregate variability real variables export performance economic recovery financial services
Online Access:	http://hdl.handle.net/10986/21401

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http://hdl.handle.net/10986/21401

How Mexico's Financial Crisis Affected Income Distribution

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