Are African Households Heterogeneous Agents? : Stylized Facts on Patterns of Consumption, Employment, Income and Earnings for Macroeconomic Modelers »
Series: IMF Working Papers
Author(s): Louise Fox
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 06 May 2015
Keywords: Inequality, macroeconomics, household heterogeneity, Macro Models, Macroeconomic Stabalization, Labor Economics, Informal Labor Market, Mobility, income, poor
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...