| The Effect of Growth Volatility on Income Inequality | |
|---|---|
| 學年 | 103 |
| 學期 | 2 |
| 出版（發表）日期 | 2015-02-01 |
| 作品名稱 | The Effect of Growth Volatility on Income Inequality |
| 作品名稱（其他語言） | |
| 著者 | Ho-Chuan (River) Huang; WenShwo Fang; Stephen M. Miller; Chih-Chuan Yeh |
| 單位 | |
| 出版者 | |
| 著錄名稱、卷期、頁數 | Economic Modelling 45, pp.212–222. |
| 摘要 | This paper assesses the long-run effect of growth volatility on income inequality using a comprehensive panel of annual U.S. state-level data during the 1945 to 2004 period. Using the pooled mean group (PMG) estimator, we find evidence supporting the hypothesis that larger growth volatility positively and significantly associates with higher income inequality. Our key finding is robust to alternative lag structures, conditioning variables, inequality measures, volatility indicators, time periods, and panel estimators. Our key finding does change for asymmetric effects, where larger growth volatility positively and significantly associates with higher income inequality only for positive economic growth. The volatility effect proves positive, but insignificant, for negative economic growth. |
| 關鍵字 | Income inequality;Growth volatility;Pooled mean group estimator |
| 語言 | en |
| ISSN | 0264-9993 |
| 期刊性質 | 國外 |
| 收錄於 | SSCI |
| 產學合作 | |
| 通訊作者 | |
| 審稿制度 | 是 |
| 國別 | GBR |
| 公開徵稿 | |
| 出版型式 | ,電子版 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/99604 ) |
GoogleAnalytics