Income inequality and household debt: a cointegration test

被引：8

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

页码：1469 / 1473

页数：5

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