What are the tradeoffs that the public is willing to accept between inflation and unemployment? We find that people dislike extra points of unemployment more than extra points of inflation. This is true for both Europe and Latin America. For the latter, the aversion to unemployment relative to inflation is much greater. Moreover, in both regions, the poor's distaste for extra points of unemployment relative to inflation is significantly greater than that of the rich. This result contributes to the literature on the costs of inflation and questions the commonly held view that prescribes strong anti‐inflationary postures as a way to implement policies consistent with the preferences of the poor.

中文翻译：

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穷人和富人：对通货膨胀和失业的偏好

公众愿意接受的通货膨胀与失业之间的权衡是什么？我们发现，人们不喜欢失业率的上升点而不是通货膨胀率的上升点。欧洲和拉丁美洲都是如此。对于后者，相对于通货膨胀，人们对失业的厌恶感更大。此外，在这两个地区，相对于通货膨胀，穷人对额外失业率的厌恶明显大于富人。这一结果为有关通货膨胀成本的文献做出了贡献，并质疑了人们普遍认为的观点，即强势的抗通胀态势是实施符合穷人偏好的政策的一种方式。