Income Inequality and Macroeconomic Volatility: an Empirical Investigation

R. Breen and Cecilia Garcia-Penalosa

G.R.E.Q.A.M. from Universite Aix-Marseille III

Abstract: Recently there has been a resurgence in the interest in the determinants of income inequality across countries. This paper adds to this literature by examining the role of one further explanatory variable: macroeconomic volatility. Using a cross-section developed and developing countries, we regress income inequality on volatility, defined as the standard deviation of the rate of output growth.

Keywords: INCOME; ECONOMIC DEVELOPMENT; SOCIAL WELFARE (search for similar items in EconPapers)
JEL-codes: I30 O15 (search for similar items in EconPapers)
Pages: 40 pages
Date: 1999
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Citations: View citations in EconPapers (17)

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Related works:
Journal Article: Income Inequality and Macroeconomic Volatility: An Empirical Investigation (2005)
Working Paper: Income Inequality and Macroeconomic Volatility: an Empirical Investigation (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:aixmeq:99b11

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