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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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The Review of Economics and Statistics is currently edited by Pierre Azoulay, Olivier Coibion, Will Dobbie, Raymond Fisman, Benjamin R. Handel, Brian A. Jacob, Kareen Rozen, Xiaoxia Shi, Tavneet Suri and Yi Xu

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