Saturday, April 16, 2011

The Surface of Consumption

This is a photograph of a model that Prof. Irving Fisher used in his classes. Beautiful.

I promise that I will stop complaining when I can not get the right colors in my scatterplots.
Source: Frisch, R. 1932. New methods of measuring marginal utility. Tubingen: J. C. B. Mohr. p. 16.

Tuesday, April 5, 2011

How unequal is Brazil?

A lot. The table bellow shows monthly family income per capita by percentile. (Yes, it includes Bolsa Família, the cash based transfer program that reaches 11 million families).

Percentile R$ US$
5 53 33
10 100 62
50 375 233
90 1300 807
95 2000 1242
99 4650 2888
Source: PNAD (IBGE, 2009)

1,61 BRL=1 USD (the current exchange rate).