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Digitale Medien

Inequality and the business cycle: A consumption viewpoint (1999)

Johnson, David S. ; Shipp, Stephanie

Springer

Empirical economics 24 (1999), S. 173-180

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Details

ISSN: 1435-8921

Schlagwort(e): Key words: Inequality ; consumption ; inflation ; unemployment ; JEL classifications: D31 ; D12 ; E32

Quelle: Springer Online Journal Archives 1860-2000

Thema: Wirtschaftswissenschaften

Notizen: Abstract. Using Consumer Expenditure Survey data, we obtain summary measures of the distributions of income and consumption for each quarter between 1980 and 1994. We find that the trends in the distribution of income and consumption and the response 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 macroeconomic variables during the 1990s may be similar to the relationship that existed prior to 1980.

Materialart: Digitale Medien

URL: http://dx.doi.org/10.1007/s001810050050

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