A More Efficient Estimate of the Effects of Macroeconomic Activity on the Distribution of Income
Markus Jantti
The Review of Economics and Statistics, 1994, vol. 76, issue 2, 372-78
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.
Date: 1994
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