The relationship between the inflation rate and inequality across US states: a semiparametric approach

被引：30

作者：

Balcilar, Mehmet ^{[1
,2
,4
]}

Chang, Shinhye ^{[2
]}

Gupta, Rangan ^{[2
]}

Miller, Stephen M. ^{[3
]}

机构：

[1] Eastern Mediterranean Univ, Dept Econ, Via Mersin 10, Famagusta, Northern Cyprus, Turkey

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

[3] Univ Nevada, Dept Econ, Lee Business Sch, 4505 Maryland Pkwy,Box 456005, Las Vegas, NV 89154 USA

[4] Montpellier Business Sch, Dept Econ, 2300 Ave Moulins, F-34080 Montpellier, France

来源：

QUALITY & QUANTITY | 2018年 / 52卷 / 05期

关键词：

Income inequality; Inflation rate; Semiparametric instrumental variable estimation; INCOME INEQUALITY; ECONOMIC-GROWTH; RUN; PANELS; POOR;

D O I：

10.1007/s11135-017-0676-3

中图分类号：

C [社会科学总论];

学科分类号：

03 ; 0303 ;

摘要：

This paper uses a cross-state panel for the United States over the 1976-2007 period to assess the relationship between income inequality and the inflation rate. Employing a semiparametric instrument variable (IV) estimator, we find that the relationship depends on the level of the inflation rate. A positive relationship occurs only if the states exceed a threshold level of inflation rate. Below this value, inflation rate lowers income inequality. The results suggest that a nonlinear relationship exists between income inequality and the inflation rate.

引用

页码：2413 / 2425

页数：13

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