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distribution. The conventional method of analysis is regression of summary inequality indices on variables such as the unemployment … and inflation rates. Building on the lessons from recent advances in time-series econometrics, we suggest instead that one …
Persistent link: https://www.econbiz.de/10011403817
distribution. The conventional method of analysis is regression of summary inequality indices on variables such as the unemployment … and inflation rates. Building on the lessons from recent advances in time-series econometrics, we suggest instead that one …
Persistent link: https://www.econbiz.de/10013320791
distribution. The conventional method of analysis is regression of summary inequality indices on variables such as the unemployment … and inflation rates. Building on the lessons from recent advances in time-series econometrics, we suggest instead that one …
Persistent link: https://www.econbiz.de/10005703840
distribution. The conventional method of analysis is regression of summary inequality indices on variables such as the unemployment … and inflation rates. Building on the lessons from recent advances in time-series econometrics, we suggest instead that one …
Persistent link: https://www.econbiz.de/10001635474
indicates a system of endogenous relations between economic performance (unemployment/income-distribution), social policy …
Persistent link: https://www.econbiz.de/10014219906
We propose a framework for comparing the relationship between poverty and personal characteristics across countries (or across years), and use it to compare levels and patterns of relative poverty in the USA, Great Britain and Germany during the 1990s. The higher aggregate poverty rates in the...
Persistent link: https://www.econbiz.de/10011437003
of these trends to changes in inflation and unemployment were similar during this period. We find that unemployment does … not significantly affect the inequality measures and that inflation has a progressive effect, i.e., that a decrease in … inflation is associated with an increase in inequality. Finally, we find that the relationship between inequality and …
Persistent link: https://www.econbiz.de/10014200422
Persistent link: https://www.econbiz.de/10015057216
stylized facts connecting inflation to consumption inequality, to price dispersion, and to the speed of monetary payments. With …-margin) force that works in opposite direction to well-known redistributive (intensive-margin) effect of inflation. This implies a … new trade-off in response to long run inflation targets. Welfare falls but liquid-wealth inequality falls and then rises …
Persistent link: https://www.econbiz.de/10013294758
country. The positive impact of price stability on income distribution is nonlinear. The reduction in inflation from … hyperinflationary levels significantly lowers income inequality, while further reduction toward a very low level of inflation seems to …
Persistent link: https://www.econbiz.de/10012783401