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Distributional Effects of Monetary and Fiscal Policy: Impacts on Unemployment Rates Disaggregated By Race and Gender

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  • John D. Abell

Abstract

. The use of vectorautoregression techniques provides empirical verification that monetary and fiscal policies do not have equal impacts on unemployment rates disaggregated by race and gender. In general, it was found that white males benefited from macro‐policies more than any other category. However, black females were also shown to benefit significantly. Results were reported from both the 1970s and 1980s and indicate that these differential unemployment rate responses became magnified during the 1980s. The results for white males are consistent with a number of theories that have been offered by several writers, but the results for black females might seem, at first, to be difficult to explain. However, a close inspection of educational attainment scotes for black women over recent decades reveals a potential source of this finding.

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  • John D. Abell, 1991. "Distributional Effects of Monetary and Fiscal Policy: Impacts on Unemployment Rates Disaggregated By Race and Gender," American Journal of Economics and Sociology, Wiley Blackwell, vol. 50(3), pages 269-284, July.
    • Handle: RePEc:bla:ajecsc:v:50:y:1991:i:3:p:269-284
    DOI: 10.1111/j.1536-7150.1991.tb02294.x
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    References listed on IDEAS

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    1. Ahking, Francis W. & Miller, Stephen M., 1985. "The relationship between government deficits, money growthm and inflation," Journal of Macroeconomics, Elsevier, vol. 7(4), pages 447-467.
    2. Hsiao, Cheng, 1981. "Autoregressive modelling and money-income causality detection," Journal of Monetary Economics, Elsevier, vol. 7(1), pages 85-106.
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    Cited by:

    1. Elissa Braunstein, 2013. "Central bank policy and gender," Chapters, in: Deborah M. Figart & Tonia L. Warnecke (ed.), Handbook of Research on Gender and Economic Life, chapter 21, pages 345-358, Edward Elgar Publishing.
    2. Kuhelika De & Ryan A. Compton & Daniel C. Giedeman & Gary A. Hoover, 2019. "Macroeconomic Shocks and Racial Labour Market Differences in the U.S," CESifo Working Paper Series 8004, CESifo.
    3. Marjan Petreski & Stefan Tanevski & Alejandro D. Jacobo, 2024. "Monetary Policy and the Gendered Labor Market Dynamics: Evidence from Developing Economies," Papers 2402.05729, arXiv.org.
    4. Wifag Adnan & Kerim Peren Arin & Aysegul Corakci & Nicola Spagnolo, 2022. "On the heterogeneous effects of tax policy on labor market outcomes," Southern Economic Journal, John Wiley & Sons, vol. 88(3), pages 991-1036, January.
    5. Herve Queneau & Amit Sen, 2009. "Regarding the unemployment gap by race and gender in the United States," Economics Bulletin, AccessEcon, vol. 29(4), pages 2749-2757.
    6. Christian Bredemeier & Roland Winkler, 2017. "The employment dynamics of different population groups over the business cycle," Applied Economics, Taylor & Francis Journals, vol. 49(26), pages 2545-2562, June.
    7. Madeline Zavodny & Tao Zha, 2000. "Monetary policy and racial unemployment rates," Economic Review, Federal Reserve Bank of Atlanta, vol. 85(Q4), pages 1-16.
    8. Zamanzadeh, Akbar & Chan, Marc K. & Ehsani, Mohammad Ali & Ganjali, Mojtaba, 2020. "Unemployment duration, Fiscal and monetary policies, and the output gap: How do the quantile relationships look like?," Economic Modelling, Elsevier, vol. 91(C), pages 613-632.
    9. Kuhelika De & Ryan A. Compton & Daniel C. Giedeman & Gary A. Hoover, 2021. "Macroeconomic shocks and racial labor market differences," Southern Economic Journal, John Wiley & Sons, vol. 88(2), pages 680-704, October.
    10. Diouf, Ibrahima & Pépin, Dominique, 2017. "Gender and central banking," Economic Modelling, Elsevier, vol. 61(C), pages 193-206.

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