A More Efficient Estimate of the Effects of Macroeconomic Activity on the Distribution of Income
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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Volume (Year): 76 (1994)
Issue (Month): 2 (May)
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