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Nominal Devaluations and Inequality

dc.contributor.authorBlanco, Andres
dc.contributor.authorDrenik, Andres
dc.contributor.authorZaratiegui, Emilio
dc.date.accessioned2020-12-21T16:50:48Z
dc.date.available2020-12-21T16:50:48Z
dc.date.issued2020-12-21
dc.identifier.urihttps://hdl.handle.net/2027.42/163768
dc.description.abstractWe study the distribution of labor income during large devaluations. Across countries, mean real labor income and inequality falls after large devaluations. To understand inequality dynamics, we use a novel administrative dataset to analyze in depth the 2002 Argentinean devaluation. Following individual workers over time, we show that, after an homogeneous fall in labor income, low-income workers experience a faster recovery than high-income workers. Between-firm labor income differences are the main contributors to the heterogeneous recovery. We provide evidence about the role of labor mobility and income floors set by unions for the heterogeneous recovery.en_US
dc.description.sponsorshipWe are particularly grateful to the Ministry of Production and Labor in Argentina for granting access to the data.en_US
dc.language.isoen_USen_US
dc.rightsCC0 1.0 Universal*
dc.rights.urihttp://creativecommons.org/publicdomain/zero/1.0/*
dc.subjectLarge devaluations. Labor Income risk, inequalityen_US
dc.titleNominal Devaluations and Inequalityen_US
dc.typeWorking Paperen_US
dc.contributor.affiliationumAssistant Professor in Economics at University of Michigan for Andres Blancoen_US
dc.contributor.affiliationotherAssistant Professor in Economics at Columbia University for Andres Dreniken_US
dc.contributor.affiliationotherPh.D. candidate in Economics at Columbia University for Emilio Zaratieguien_US
dc.contributor.affiliationumcampusAnn Arboren_US
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/163768/1/BlancoDrenikZaratiegui_main.pdf
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/163768/2/BDZ_OnlineAppendix.pdf
dc.identifier.sourceWorking paperen_US
dc.description.mapping-1en_US
dc.description.filedescriptionDescription of BlancoDrenikZaratiegui_main.pdf : Main article
dc.description.filedescriptionDescription of BDZ_OnlineAppendix.pdf : Online Appendix
dc.description.depositorSELFen_US
dc.owningcollnameEconomics, Department of - Working Papers Series


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CC0 1.0 Universal
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