Inequality and government debt: Evidence from OECD panel data

被引：9
|
作者：
Luo, Weijie [1 ]
机构：
[1] Cent Univ Finance & Econ, Ctr China Fiscal Dev, Beijing, Peoples R China
来源：
ECONOMICS LETTERS | 2020年 / 186卷
关键词：
Capital income; Inequality; Government debt;
D O I：
10.1016/j.econlet.2019.108869
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper analyzes how government debt can be caused by changes in the income distribution. Unlike Azzimonti et al. (2014), I distinguish between income inequality induced by differences in labor productivity and income inequality induced by differences in capital income, utilizing the Luxembourg Income Study. Using data for OECD countries, an increase in labor income inequality leads to higher debt level whilst capital income inequality is negatively associated with debt. (C) 2019 Elsevier B.V. All rights reserved.
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页数：4
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