IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/9759.html
   My bibliography  Save this paper

Turkey - Inflation and the Distribution of Income

Author

Listed:
  • He, Dong

Abstract

During the inflationary process, prices, wages, and interest rates are all rising. In this panorama of movement in relative and absolute prices, are there systematic changes that have a predictable effect on the distribution of income? Chronically high inflation has often been blamed for making income distribution less equal in Turkey. This paper attempts to present some evidence. It seeks to determine the impact of inflationary processes on the economic well being of different income classes through both expenditure effects and income effects.

Suggested Citation

  • He, Dong, 1999. "Turkey - Inflation and the Distribution of Income," MPRA Paper 9759, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:9759
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/9759/1/MPRA_paper_9759.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Brimmer, Andrew F, 1971. "Inflation and Income Distribution in the United States," The Review of Economics and Statistics, MIT Press, vol. 53(1), pages 37-48, February.
    2. Robert J. Shiller, 1997. "Public Resistance to Indexation: A Puzzle," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 28(1), pages 159-228.
    3. Budd, Edward C & Seiders, David F, 1971. "The Impact of Inflation on the Distribution of Income and Wealth," American Economic Review, American Economic Association, vol. 61(2), pages 128-138, May.
    4. Nordhaus, William D, 1973. "The Effects of Inflation on the Distribution of Economic Welfare," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 5(1), pages 465-504, Part II F.
    5. Mr. Ales Bulir & Ms. Anne Marie Gulde, 1995. "Inflation and Income Distribution: Further Evidenceon Empirical Links," IMF Working Papers 1995/086, International Monetary Fund.
    6. Theil, Henri, 1979. "Variations across households in the rate of inflation," Economics Letters, Elsevier, vol. 4(1), pages 37-39.
    7. C. Emre Alper & Murat Ucer, 1998. "Some Observations on Turkish Inflation: A ''Random Walk'' Down the Past Decade," Working Papers 1998/02, Bogazici University, Department of Economics.
    8. Frank Ackerman & Howard Birnbaum & James Wetzler & Andrew Zimbalist, 1971. "Income Distribution in the United States," Review of Radical Political Economics, Union for Radical Political Economics, vol. 3(3), pages 20-43, August.
    9. Muellbauer, John, 1974. "Prices and Inequality: The United Kingdom Experience," Economic Journal, Royal Economic Society, vol. 84(333), pages 32-55, March.
    10. Michael, Robert T, 1979. "Variation across Households in the Rate of Inflation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 11(1), pages 32-46, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Carlos Garcimartín & Jhonatan Astudillo & André Martínez, 2021. "Inflation and income distribution in Central America, Mexico, Panama, and the Dominican Republic," Review of Development Economics, Wiley Blackwell, vol. 25(1), pages 315-339, February.
    2. Bettarelli, Luca & Estefania-Flores, Julia & Furceri, Davide & Loungani, Prakash & Pizzuto, Pietro, 2023. "Energy inflation and consumption inequality," Energy Economics, Elsevier, vol. 124(C).
    3. Oya Celasun & R. Gaston Gelos & Alessandro Prati, 2004. "Would "Cold Turkey" Work in Turkey?," IMF Staff Papers, Palgrave Macmillan, vol. 51(3), pages 493-509, November.
    4. Gürer Eren & Weichenrieder Alfons, 2020. "Pro-rich inflation in Europe: Implications for the measurement of inequality," German Economic Review, De Gruyter, vol. 21(1), pages 107-138, April.
    5. Burkhard Heer & Bernd Süssmuth, 2003. "Cold Progression and its Effects on Income Distribution," CESifo Working Paper Series 951, CESifo.
    6. Ruiz-Castillo, Javier & Ley, Eduardo & Izquierdo, Mario, 2002. "Distributional aspects of the quality change bias in the CPI: evidence from Spain," Economics Letters, Elsevier, vol. 76(1), pages 137-144, June.
    7. Christian Morrisson, 1982. "Inflation, salaires et répartition dans l'industrie française (1969-1976)," Revue Économique, Programme National Persée, vol. 33(2), pages 274-296.
    8. Hans Blomqvist, 1984. "On the sources and macroeconomic implications of nonuniform and uncertain price expectations," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 120(2), pages 366-375, June.
    9. Pentti Vartia & Reijo Mankinen, 1984. "Perceived and expected price changes in Finland," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 120(1), pages 121-132, March.
    10. Hyun Son & Nanak Kakwani, 2006. "Measuring the impact of prices on inequality: With applications to Thailand and Korea," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 4(2), pages 181-207, August.
    11. Christian Morrisson, 1982. "Inflation, wages and income distribution in manufacturing industry: France, 1969–1976," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 118(2), pages 241-258, June.
    12. Nguyen Viet, Cuong, 2002. "The Cost of Living Index for Poor Households: The Case of Vietnam," MPRA Paper 25628, University Library of Munich, Germany.
    13. Choi, Hyung Sun & Kwon, Ohik & Lee, Manjong, 2016. "Inflation, credit, and indexed unit of account," International Review of Economics & Finance, Elsevier, vol. 41(C), pages 144-154.
    14. Kibritçioğlu, Aykut, 2002. "Causes of Inflation in Turkey: A Literature Survey with Special Reference to Theories of Inflation," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, pages 43-76.
    15. Stanley Fischer, 1996. "Why are central banks pursuing long-run price stability?," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 7-34.
    16. Can, Zeynep Gizem & O'Donoghue, Cathal & Sologon, Denisa Maria & Smith, Darius & Griffin, Rosaleen & Murray, Una, 2023. "Modelling the Distributional Effects of the Cost-of-Living Crisis in Turkey and the South Caucasus: A Microsimulation Analysis," IZA Discussion Papers 16619, Institute of Labor Economics (IZA).
    17. Aaberge, Rolf & Mogstad, Magne & Peragine, Vito, 2011. "Measuring long-term inequality of opportunity," Journal of Public Economics, Elsevier, vol. 95(3-4), pages 193-204, April.
    18. Slesnick, Daniel T., 2002. "Prices and Regional Variation in Welfare," Journal of Urban Economics, Elsevier, vol. 51(3), pages 446-468, May.
    19. A. Nazif Çatik & Christopher Martin & A. Özlem Onder, 2011. "Relative price variability and the Phillips Curve: evidence from Turkey," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 38(5), pages 546-561, September.
    20. Berndt Ernst R. & Cockburn Iain M. & Cocks Douglas L. & Epstein Arnold M. & Griliches Zvi, 1998. "Is Price Inflation Different for the Elderly? An Empirical Analysis of Prescription Drugs," Forum for Health Economics & Policy, De Gruyter, vol. 1(1), pages 1-45, January.

    More about this item

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:9759. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.