Time-Varying Predictability of Labor Productivity on Inequality in United Kingdom

被引：1

作者：

Gabauer, David ^{[1
]}

Gupta, Rangan ^{[2
]}

Nel, Jacobus ^{[2
]}

Yamaka, Woraphon ^{[3
]}

机构：

[1] Software Competence Ctr Hagenberg, Data Anal Syst, Softwarepk 21, A-4232 Hagenberg, Austria

[2] Univ Pretoria, Dept Econ, ZA-0002 Pretoria, South Africa

[3] Chiang Mai Univ, Fac Econ, Ctr Excellence Econometr, Chiang Mai, Thailand

来源：

SOCIAL INDICATORS RESEARCH | 2021年 / 155卷 / 03期

关键词：

Labor productivity; Inequality; Time-varying predictions; C32; D31; E24; INCOME INEQUALITY; SERIES; IMPACT; GROWTH; ROOT;

D O I：

10.1007/s11205-021-02622-w

中图分类号：

C [社会科学总论];

学科分类号：

03 ; 0303 ;

摘要：

In this paper, we analyze time-varying predictability of labor productivity for growth in income (and consumption) inequality of the United Kingdom (UK) based on a high-frequency (quarterly) data set over 1975:Q1 to 2016:Q1. Results indicate that the growth rate of an index of labor productivity has a strong predictive power on growth rate of income (and consumption) inequality in the UK. Interestingly, the strength of the predictive power is found to be higher towards the end of the sample period in the wake of the global financial crisis. In addition, based on time-varying impulse response function analysis, we find that inequality and labor productivity growth rates are in general negatively associated over our sample period, barring a short-lived positive impact initially.

引用

页码：771 / 788

页数：18

共 45 条

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