NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Inflation and Poverty

Eliana Cardoso

NBER Working Paper No. 4006
Issued in March 1992
NBER Program(s):   ITI      IFM

This paper discusses the regressive nature of the inflation tax and she limited extent of its impact on those individuals below the poverty line. It also argues that inflation affects poverty mainly through its impact on real wages: the empirical evidence shows that wages increase more slowly than prices during episodes of rising inflation in Latin America. Finally the paper discusses whether some stabilization programs are less costly in terms of increased poverty than others. Both orthodox programs and attempts to reduce inflation by the implementation of incomes policy have not helped the poor in Latin America.

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Document Object Identifier (DOI): 10.3386/w4006

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