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040 |aCaOODSP|beng|erda|cCaOODSP
0861 |aFB3-5/2026-38E-PDF
1001 |aColombi, Emilio, |eauthor.
24514|aThe distributional consequences of commodity booms / |cEmilio Colombi.
264 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2026.
264 4|c©2026
300 |a1 online resource (54, 43 pages) : |bcolour illustrations.
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff working paper = |aDocument de travail du personnel, |y1701-9397 ; |v2026-38
500 |aIncorrect ISSN (1701-9397) printed in this publication.
500 |a"Last updated: October 16, 2026."
504 |aIncludes bibliographical references (pages 51-54).
5203 |a"This paper examines the response of income inequality to commodity price shocks and identifies the underlying mechanisms at play. I provide novel cross-country evidence from commodity-exporting nations, showing that positive commodity price shocks reduce labor income inequality between skilled and unskilled workers. This reduction in inequality is primarily driven by a fall in the skill premium, arising from the expansion of unskilled-labor-intensive sectors, such as construction, which grow more rapidly than skilled-labor-intensive ones, such as services. To interpret these results, I develop a quantitative multisector small-open-economy model that incorporates sectoral heterogeneity in both skilled-labor intensity and sensitivity to commodity price shocks. I use the model as a laboratory to explore the distributional impacts of various policy responses to commodity windfalls, demonstrating how saving or spending these gains can either reinforce or moderate the reduction in inequality. This analysis provides new insights into the broader economic and social impacts of commodity price shocks in emerging markets"--Abstract, page 1.
650 0|aPrices|xEconometric models.
650 0|aIncome distribution|xEconometric models.
650 6|aPrix|xModèles économétriques.
650 6|aRevenu|xRépartition|xModèles économétriques.
7102 |aBank of Canada, |eissuing body.
830#0|aStaff working paper (Bank of Canada)|v2026-38.|w(CaOODSP)9.806221
85640|qPDF|s5.70 MB|uhttps://publications.gc.ca/collections/collection_2026/banque-bank-canada/FB3-5-2026-38-eng.pdf