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Income Inequality and the Cost of Recessions

Mostafa Shahee () and Glenn Jenkins ()
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Mostafa Shahee: Department of Policy Studies, Queen’s University, Kingston, Ontario, Canada

No 2016-03, Development Discussion Papers from JDI Executive Programs

Abstract: This article examines empirically the relationship between the severities of the recessions experienced by countries and their income distributions. The analysis is carried out for 36 countries over a period of 40 years. The empirical evidence from this paper suggests that a greater degree of income inequality increases the cumulative loss of GDP inflicted by recessions. The increase cost emerges from both a longer duration and a deeper amplitude for the contractionary phase of the business cycle.

Keywords: Recession; income inequality; business cycle; income loss (search for similar items in EconPapers)
JEL-codes: E25 E32 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2016-03
New Economics Papers: this item is included in nep-mac, nep-pbe and nep-pke
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Journal Article: Income inequality and the cost of recessions (2021) Downloads
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