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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.

Suggested Citation

  • 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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    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. 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.
    3. Skott, Peter & Auerbach, Paul, 2003. "Wage inequality and skill asymmetries," Economics Discussion Papers 2003-7, School of Economics, Kingston University London.
    4. 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.
    5. 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.
    6. 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.
    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. repec:bla:rdevec:v:22:y:2018:i:4:p:e202-e227 is not listed on IDEAS
    9. 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.
    10. 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.
    11. Jäntti, Markus & Jenkins, Stephen P., 2001. "Examining the Impact of Macro-Economic Conditions on Income Inequality," IZA Discussion Papers 364, Institute of Labor Economics (IZA).
    12. 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.
    13. 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.
    14. repec:kap:sbusec:v:51:y:2018:i:4:d:10.1007_s11187-017-9984-1 is not listed on IDEAS

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