Income inequality and the business cycle: A threshold cointegration approach

Gary Hoover, Daniel Giedeman and Selahattin Dibooglu

Economic Systems, 2009, vol. 33, issue 3, 278-292

Abstract: This paper investigates the impact of various socio-economic variables on various cohorts of the income distribution. We use asymmetric cointegration tests to show that unemployment and immigration shocks have real impacts on income inequality. In addition, using threshold test results we are able to show that positive and negative shocks to the economy do not have symmetric effects nor do the impacts of these shocks impact income quintiles uniformly.

Keywords: Income; inequality; Granger; causality; Asymmetric; cointegration (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (22)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecosys:v:33:y:2009:i:3:p:278-292

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