Income inequality and household debt: a cointegration test

被引：7
|
作者：
Berisha, Edmond [1 ]
Meszaros, John [1 ]
Olson, Eric [1 ]
机构：
[1] Univ Virginia, Coll Business & Econ, Morgantown, WV 26506 USA
来源：
APPLIED ECONOMICS LETTERS | 2015年 / 22卷 / 18期
关键词：
income inequality; household debt; cointegration;
D O I：
10.1080/13504851.2015.1039698
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This article employs the Johansen and Engle-Granger methodology to determine if there is a cointegrating relationship between household debt and income inequality as measured by Atkinson, Piketty and Saez (2011). The results suggest a cointegrating relationship between the two series. A vector error correction model is estimated showing that a shock to household debt has statistically significant effects on income inequality in the United States over the time period 1919-2009.
引用
收藏
页码：1469 / 1473
页数：5
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