Document Type
Article
Publication Date
1-9-2018
Publication Title
Quality and Quantity
Publisher
Springer Netherlands
Volume
52
Issue
5
First page number:
2413
Last page number:
2425
Abstract
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. © 2018 Springer Science+Business Media B.V., part of Springer Nature
Keywords
Income inequality; Inflation rate; Semiparametric instrumental variable estimation
Disciplines
Economics
File Format
File Size
518 Kb
Language
English
Publisher Citation
Balcilar, M., Chang, S., Gupta, R. et al. Qual Quant (2018) 52: 2413. https://doi.org/10.1007/s11135-017-0676-3
Repository Citation
Balcilar, M.,
Chang, S.,
Gupta, R.,
Miller, S. M.
(2018).
The Relationship Between The Inflation Rate And Inequality Across U.S. States: A Semiparametric Approach.
Quality and Quantity, 52(5),
2413-2425.
Springer Netherlands.
http://dx.doi.org/10.1007/s11135-017-0676-3
Comments
“This is a post-peer-review, pre-copyedit version of an article published in Quality and Quantity. The final authenticated version is available online at: http://dx.doi.org/10.1007/s11135-017-0676-3]”.