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A More Efficient Estimate of the Effects of Macroeconomic Activity on the Distribution of Income

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  • Jantti, Markus

Abstract

The effects of unemployment and inflation on quintile shares of family income in the United States are estimated by means of generalized least squares. Inflation is found to have a significant progressive impact on the distribution of income. The results also lend support to earlier findings regarding the regressive effects of unemployment. Copyright 1994 by MIT Press.

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  • Jantti, Markus, 1994. "A More Efficient Estimate of the Effects of Macroeconomic Activity on the Distribution of Income," The Review of Economics and Statistics, MIT Press, vol. 76(2), pages 372-378, May.
  • Handle: RePEc:tpr:restat:v:76:y:1994:i:2:p:372-78
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    Citations

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    Cited by:

    1. Markus Jäntti & Stephen Jenkins, 2010. "The impact of macroeconomic conditions on income inequality," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 8(2), pages 221-240, June.
    2. Berthold, Norbert & Brunner, Alexander & Zenzen, Jupp, 2010. "Makroökonomische Rahmenbedingungen und die Einkommensverteilung: Welchen Einfluss hat die Finanzkrise?," Discussion Paper Series 108, Julius Maximilian University of Würzburg, Chair of Economic Order and Social Policy.
    3. Yi-Heng Chen & Ho-Chuan Huang & Kuang-Ping Ku, 2015. "The effects of inflation and openness on inequality across alternative monetary regimes," Applied Economics Letters, Taylor & Francis Journals, vol. 22(4), pages 291-298, March.
    4. Oguzhan C. Dincer & Burak Gunalp, 2012. "Corruption And Income Inequality In The United States," Contemporary Economic Policy, Western Economic Association International, vol. 30(2), pages 283-292, April.
    5. Skott, Peter & Auerbach, Paul, 2003. "Wage inequality and skill asymmetries," Economics Discussion Papers 2003-7, School of Economics, Kingston University London.
    6. Akisik, Orhan & Gal, Graham, 2023. "IFRS, financial development and income inequality: An empirical study using mediation analysis," Economic Systems, Elsevier, vol. 47(2).
    7. Paul Auerbach & Peter Skott, "undated". "Skill Asymmetries, Increasing Wage Inequality and Unemployment," Economics Working Papers 2000-18, Department of Economics and Business Economics, Aarhus University.
    8. Helder Ferreira de Mendonça & Diogo Martins Esteves, 2018. "Monetary authority's transparency and income inequality," Review of Development Economics, Wiley Blackwell, vol. 22(4), pages 202-227, November.
    9. DiPietro, William R. & Anoruo, Emmanuel & Sawhney, Bansi, 2005. "Macroeconomic Determinants of the Income Shares of the Very Highest Income Groups," Review of Applied Economics, Lincoln University, Department of Financial and Business Systems, vol. 1(1), pages 1-19, June.
    10. McAdam, Peter & Willman, Alpo, 2004. "Production, supply and factor shares: an application to estimating German long-run supply," Economic Modelling, Elsevier, vol. 21(2), pages 191-215, March.
    11. Luis Ayala & Olga Cantó & Juan G. Rodríguez, 2011. "Poverty and the business cycle: The role of the intra-household distribution of unemployment," Working Papers 222, ECINEQ, Society for the Study of Economic Inequality.
    12. Ogede Jimoh S., 2020. "Deconstructing the Impact of Entrepreneurship on Income Inequality in Sub-Saharan Africa Countries," Economics and Business, Sciendo, vol. 34(1), pages 273-284, February.
    13. Granqvist, Lena & Selén, Jan & Ståhlberg, Ann-Charlotte, 2002. "Mandatory Earnings-Related Insurance Rights, Human Capital and the Gender Earnings Gap in Sweden," Working Paper Series 179, Trade Union Institute for Economic Research.
    14. Bebonchu Atems & Grayden Shand, 2018. "An empirical analysis of the relationship between entrepreneurship and income inequality," Small Business Economics, Springer, vol. 51(4), pages 905-922, December.
    15. P. Jenkins, Stephen & Jäntti, Markus, 2001. "Examining the impact of macro-economic conditions on income inequality," ISER Working Paper Series 2001-17, Institute for Social and Economic Research.
    16. Rubin, Amir & Segal, Dan, 2015. "The effects of economic growth on income inequality in the US," Journal of Macroeconomics, Elsevier, vol. 45(C), pages 258-273.

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