EconPapers    
Economics at your fingertips  
 

Energy inflation and consumption inequality

Luca Bettarelli, Julia Estefania-Flores, Davide Furceri, Prakash Loungani and Pietro Pizzuto
Authors registered in the RePEc Author Service: Julia Estefania Flores

Energy Economics, 2023, vol. 124, issue C

Abstract: This paper examines the effects of higher energy prices on consumption inequality for a large panel of 129 advanced and developing economies during the period 1970–2013. The results suggest that energy inflation increases the Gini measure of consumption inequality and reduces (increases) the share of consumption of lower (higher) income deciles. These effects are larger in developing economies, in countries with limited access to finance, in those with weaker monetary policy frameworks, during periods of economic slack and in cases where government transfers do not compensate the poorer deciles during times of adverse income shocks.

Keywords: Energy inflation; Energy prices; Inequality; Households (search for similar items in EconPapers)
JEL-codes: D31 D63 E31 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0140988323003213
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:124:y:2023:i:c:s0140988323003213

DOI: 10.1016/j.eneco.2023.106823

Access Statistics for this article

Energy Economics is currently edited by R. S. J. Tol, Beng Ang, Lance Bachmeier, Perry Sadorsky, Ugur Soytas and J. P. Weyant

More articles in Energy Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2024-07-16
Handle: RePEc:eee:eneeco:v:124:y:2023:i:c:s0140988323003213