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This paper applies, through a case study on Malawi, a simple methodology indicating the first-round (i.e., price) effects of macroeconomic policies on real earnings of the poor. As the economic program in Malawi has not involved substantial exchange rate action or cuts in subsidies, the real incomes of the poor have been most clearly affected by the pricing policies of the agricultural parastatal and the overall anti-inflationary measures incorporated in the program; developments in minimum wages have also been important. The study suggests that, on balance, these various factors have led to an increase in real incomes of the poor over the program period.

Labor --- Macroeconomics --- Public Finance --- Inflation --- Incomes Policy --- Price Policy --- Measurement and Analysis of Poverty --- Government Policy --- Provision and Effects of Welfare Program --- Economic Development: Human Resources --- Human Development --- Income Distribution --- Migration --- Aggregate Factor Income Distribution --- Wages, Compensation, and Labor Costs: General --- National Government Expenditures and Related Policies: General --- Wages, Compensation, and Labor Costs: Public Policy --- Price Level --- Deflation --- Labour --- income economics --- Public finance & taxation --- Income --- Wages --- Real wages --- Expenditure --- Minimum wages --- National accounts --- Prices --- Expenditures, Public --- Minimum wage --- Malawi