Income inequality and the business cycle: A threshold cointegration approach
This paper investigates the impact of various socio-economic variables on various cohorts of the income distribution. We use asymmetric cointegration tests to show that unemployment and immigration shocks have real impacts on income inequality. In addition, using threshold test results we are able to show that positive and negative shocks to the economy do not have symmetric effects nor do the impacts of these shocks impact income quintiles uniformly.
Year of publication: |
2009
|
---|---|
Authors: | Hoover, Gary A. ; Giedeman, Daniel C. ; Dibooglu, Sel |
Published in: |
Economic Systems. - Institut für Ost- und Südosteuropaforschung (IOS), ISSN 0939-3625. - Vol. 33.2009, 3, p. 278-292
|
Publisher: |
Institut für Ost- und Südosteuropaforschung (IOS) |
Keywords: | Income inequality Granger causality Asymmetric cointegration |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Income inequality and the business cycle : a threshold cointegration approach
Hoover, Gary A., (2009)
-
Macroeconomic Shocks and Racial Labour Market Differences in the U.S.
De, Kuhelika, (2019)
-
Macroeconomic shocks and racial labor market differences
De, Kuhelika, (2021)
- More ...