Income inequality and household debt: a cointegration test

Edmond Berisha, John Meszaros and Eric Olson ()

Applied Economics Letters, 2015, vol. 22, issue 18, 1469-1473

Abstract: This article employs the Johansen and Engle-Granger methodology to determine if there is a cointegrating relationship between household debt and income inequality as measured by Atkinson, Piketty and Saez (2011). The results suggest a cointegrating relationship between the two series. A vector error correction model is estimated showing that a shock to household debt has statistically significant effects on income inequality in the United States over the time period 1919-2009.

Date: 2015
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DOI: 10.1080/13504851.2015.1039698

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