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

pdf

File Size

518 Kb

Language

English

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]”.

Publisher Citation

Balcilar, M., Chang, S., Gupta, R. et al. Qual Quant (2018) 52: 2413. https://doi.org/10.1007/s11135-017-0676-3

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