Arbeitspapier
Examining the Impact of Macro-Economic Conditions on Income Inequality
This paper proposes a new approach for analyzing the relationship between macroeconomic factors and the income 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 should first fit a parametric functional form to the income distribution for each year, and then model the time series of model parameters in terms of the macroeconomic factors. Inferences about the relationship between the income distribution and macroeconomic factors can be derived from the model estimates. We apply these methods to data from the United Kingdom for 1961-91, and contrast the results with those found using earlier methods.
- Sprache
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Englisch
- Erschienen in
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Series: IZA Discussion Papers ; No. 364
Model Construction and Estimation
Personal Income, Wealth, and Their Distributions
macro-economic conditions
unemployment
inflation
Singh-Maddala distribution
Einkommensverteilung
Makroökonomischer Einfluß
Arbeitslosigkeit
Inflation
Zeitreihenanalyse
Schätzung
Theorie
Großbritannien
Singh-Maddala distribution
Jenkins, Stephen P.
- Handle
- Letzte Aktualisierung
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20.09.2024, 08:23 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Jäntti, Markus
- Jenkins, Stephen P.
- Institute for the Study of Labor (IZA)
Entstanden
- 2001