From Brazil, we bring good news for poverty reduction: Brazil’s formerly sky-high wage
inequality is not quite so sky-high anymore. From 1995 to 2015 Brazil became a more equal society, a trend that contrasts with rising inequality during that time in high-income countries. A soon-to-be-published article in the Journal of Economic Literature reviews the research that estimates the reduction, discovers the factors that have contributed to it and the mechanisms that have driven it. Alysson Portella of Insper tells Tim Phillips why there is no silver bullet that policymakers can use to reduce inequality, and why both implementing and evaluating policies in Brazil can be even more challenging than in other countries.
Read the full show notes on VoxDev:
https://voxdev.org/topic/macroeconomics-growth/understanding-brazils-falling-income-inequality
