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Author Fox, M. Louise, author.

Title Are African households heterogeneous agents? : stylized facts on patterns of consumption, employment, income and earnings for macroeconomic modelers / Louise Fox
Published [Washington, D.C.] : International Monetary Fund, ©2015

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Description 1 online resource (36 pages) : color illustrations
Series IMF working paper, 1018-5941 ; WP/15/102
IMF working paper ; WP/15/102.
Summary This paper reviews the evidence on how households in Sub-Saharan Africa segment along consumption, income and earning dimensions relevant for quantitative macroeconomic policy models which incorporate heterogeneity. Key findings include the importance of home-grown food in the income and consumption of house-holds well up the income distribution, the lack of formal financial inclusion for all but the richest households, and the importance of non-wage income. These stylized facts suggest that an externally-generated macroeconomic shock and the short-term policy response would mainly affect the behavior and welfare of these richer urban households, who are also more likely to have the means to cope. Middle class and poor households, especially in rural areas, should be insulated from these external shocks but vulnerable to a wide range of structural factors in the economy as well as idiosyncratic shocks. --Abstract
Notes "May 2015."
"Research Department, and Strategy, Policy, and Review Department."
Bibliography Includes bibliographical references (pages 27-30)
Notes Online resource; title from pdf title page (IMF.org Web site, viewed May 11, 2015)
Subject Consumption (Economics) -- Africa, Sub-Saharan -- Econometric models
Labor supply -- Africa, Sub-Saharan -- Econometric models
Income distribution -- Africa, Sub-Saharan -- Econometric models
Wages -- Africa, Sub-Saharan -- Econometric models
Equality -- Africa, Sub-Saharan -- Econometric models
Business cycles -- Africa, Sub-Saharan -- Econometric models
Business cycles -- Econometric models
Consumption (Economics) -- Econometric models
Economic policy -- Econometric models
Equality -- Econometric models
Income distribution -- Econometric models
Labor supply -- Econometric models
Wages -- Econometric models
SUBJECT Africa, Sub-Saharan -- Economic policy -- Econometric models
Subject Sub-Saharan Africa
Form Electronic book
Author International Monetary Fund. Research Department.
International Monetary Fund. Strategy, Policy, and Review Department.
ISBN 9781484370889
1484370880
1484369963
9781484369968