Advanced Search
MyIDEAS: Login

Makroökonomische Rahmenbedingungen und die Einkommensverteilung: Welchen Einfluss hat die Finanzkrise?

Contents:

Author Info

  • Berthold, Norbert
  • Brunner, Alexander
  • Zenzen, Jupp
Registered author(s):

    Abstract

    Ziel des vorliegenden Papiers ist es, den Einfluss makroökonomischer Größen auf die Einkommensungleichheit zu untersuchen. Auf Basis des sozio-ökonomischen Panels (SOEP) analysieren wir erstmalig diesen Zusammenhang für Deutschland. Dabei ist zu beobachten, dass die makroökonomischen Größen nur einen geringen Einfluss haben und ein positiver Zeittrend dominiert. Die Schätzungen eines Fehlerkorrekturmodells ermöglichen jedoch vorsichtige Schlüsse über die Auswirkung der Finanzkrise auf die Ungleichheit. Unter der Annahme, dass sich diese als (negativer) exogener Wachstumsschock manifestiert, ist zu erwarten, dass die Finanzkrise eine dämpfende Wirkung auf die Einkommensungleichheit in Deutschland haben wird. -- In this paper we investigate the impact of macroeconomic variables on income inequality. Using data from the German socio-economic panel (SOEP) we make a we make a first attempt to measure these effects for Germany. We find only little impact of the macroeconomy on inequality. In fact, the dominating driver of inequality seems to be a time trend. Nevertheless, estimating a vector-error-correction-model allows us to gauge the effect the financial crisis has on inequality. Assuming that the crisis is best described as an exogenous growth shock we find that income inequality in Germany is very likely to be mitigated.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://econstor.eu/bitstream/10419/32474/1/621202037.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by Julius-Maximilians-Universität Würzburg, Lehrstuhl für Volkswirtschaftslehre, insbes. Wirtschaftsordnung und Sozialpolitik in its series Wirtschaftswissenschaftliche Beiträge with number 108.

    as in new window
    Length:
    Date of creation: 2010
    Date of revision:
    Handle: RePEc:zbw:wuewwb:108

    Contact details of provider:
    Postal: Sanderring 2, D-97070 Würzburg
    Phone: (0931) 31-2901
    Fax: (0931) 31-2101
    Email:
    Web page: http://www.vwl.uni-wuerzburg.de/lehrstuehle/vwl4/startseite/
    More information through EDIRC

    Related research

    Keywords: Ungleichheit; Makroökonomie; Finanzkrise; Deutschland; Inequality; Macroeconomy; Financial Crisis; Germany;

    This paper has been announced in the following NEP Reports:

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Romain Wacziarg & Karen Horn Welch, 2008. "Trade Liberalization and Growth: New Evidence," World Bank Economic Review, World Bank Group, vol. 22(2), pages 187-231, June.
    2. Horst Mendershausen, 1946. "Changes in Income Distribution During the Great Depression," NBER Books, National Bureau of Economic Research, Inc, number mend46-1, October.
    3. Charles M. Beach, 1974. "Cyclical Sensitivity of Aggregate Income Inequality," Working Papers 162, Queen's University, Department of Economics.
    4. Rodrik, Dani & Subramanian, Arvind & Trebbi, Francesco, 2002. "Institutions Rule: The Primacy of Institutions Over Geography and Integration in Economic Development," CEPR Discussion Papers 3643, C.E.P.R. Discussion Papers.
    5. Blinder, Alan S & Esaki, Howard Y, 1978. "Macroeconomic Activity and Income Distribution in the Postwar United States," The Review of Economics and Statistics, MIT Press, vol. 60(4), pages 604-09, November.
    6. Gene M. Grossman & Esteban Rossi-Hansberg, 2006. "The rise of offshoring: it's not wine for cloth anymore," Proceedings, Federal Reserve Bank of Kansas City, pages 59-102.
    7. Singh, S K & Maddala, G S, 1976. "A Function for Size Distribution of Incomes," Econometrica, Econometric Society, vol. 44(5), pages 963-70, September.
    8. 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 372-78, May.
    9. David H. Autor & Lawrence F. Katz & Melissa S. Kearney, 2008. "Trends in U.S. Wage Inequality: Revising the Revisionists," The Review of Economics and Statistics, MIT Press, vol. 90(2), pages 300-323, May.
    10. R Haveman & J Schwabish, 2000. "Has Macroeconomic Performance Regained Its Antipoverty Bite?," Contemporary Economic Policy, Western Economic Association International, vol. 18(4), pages 415-427, October.
    11. Dustmann, C. & Ludsteck, J. & Schonberg, U., 2009. "Revisiting the German wage structure," Open Access publications from University College London http://discovery.ucl.ac.u, University College London.
    12. Ingo Geishecker & Holger Görg, 2008. "Winners and losers: a micro-level analysis of international outsourcing and wages," Canadian Journal of Economics, Canadian Economics Association, vol. 41(1), pages 243-270, February.
    13. McDonald, James B, 1984. "Some Generalized Functions for the Size Distribution of Income," Econometrica, Econometric Society, vol. 52(3), pages 647-63, May.
    14. Granger, C. W. J. & Newbold, P., 1974. "Spurious regressions in econometrics," Journal of Econometrics, Elsevier, vol. 2(2), pages 111-120, July.
    15. Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
    16. Easterly, William & Fischer, Stanley, 2000. "Inflation and the poor," Policy Research Working Paper Series 2335, The World Bank.
    17. Maarten Goos & Alan Manning, 2003. "Lousy and Lovely Jobs: the Rising Polarization of Work in Britain," CEP Discussion Papers dp0604, Centre for Economic Performance, LSE.
    18. Bjorklund, Anders, 1991. " Unemployment and Income Distribution: Time-Series Evidence from Sweden," Scandinavian Journal of Economics, Wiley Blackwell, vol. 93(3), pages 457-65.
    19. Rebecca M. Blank & Alan S. Blinder, 1985. "Macroeconomics, Income Distribution, and Poverty," NBER Working Papers 1567, National Bureau of Economic Research, Inc.
    20. Goos, Maarten & Manning, Alan, 2007. "Lousy and lovely jobs: The rising polarization of work in Britain," Open Access publications from Katholieke Universiteit Leuven urn:hdl:123456789/101308, Katholieke Universiteit Leuven.
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:zbw:wuewwb:108

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ZBW - German National Library of Economics).

    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 references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.

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