Do economic recessions cause inequality to rise?

被引:7
作者
Camacho, Maximo [1 ]
Palmieri, Gonzalo [1 ]
机构
[1] Univ Murcia, Dept Metodos Cuantitativos Econ & Empresa, Murcia, Spain
关键词
Economic cycles; income inequality; local projections;
D O I
10.1080/15140326.2019.1620982
中图分类号
F [经济];
学科分类号
02 ;
摘要
We use a local projection approach to analyze the effect of economic recessions on income inequality in a comprehensive sample of 43 countries from 1960 to 2016. Although we consider both business-cycle and growth-cycle recessions, we fail to find evidence of significant positive impacts of economic downturns on income distribution, once controls are added to the model. However, we do find important differences across countries, which mainly depend on the degree of economic development.
引用
收藏
页码:304 / 320
页数:17
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