Income Inequality, Financial Development, and Macroeconomic Fluctuations
Bibliographic Data
| ID | 9710212 |
|---|---|
| Authors | Murat Iyigun (IZA - Institute of Labor Economics), Murat F Iyigun (University of Colorado), Ann L Owens (0000-0001-6513-2491, Hamilton College), Ann L Owen (Hamilton College) |
| Year | 2004 |
| Volume | 114 |
| Issue | 495 |
| Pages | 352-376 |
| Publication date | 2004-04-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.1468-0297.2004.00212.x |
| OpenAlex | W1995188886 |
| Language | EN |
| Citations received | 6 |
| References cited | 19 |
We examine the relationship between income inequality and variability in aggregate consumption growth. In high-income countries, greater income inequality appears to be associated with more volatility in consumption growth, whereas in lower-income countries, higher levels of income inequality tend to be associated with less volatility. We present evidence that variability in real GDP growth is also related to income inequality in the same way. Our results suggest that the level of financial development may help to explain why the distribution of income affects the short-run variability of consumption and output differently in high-income countries than in low-income countries. Copyright 2004 Royal Economic Society
Adjusted gross income · Aggregate income · Comprehensive income · Consumption (sociology · Demographic economics · Distribution (mathematics · Econometrics · Economic inequality · Economics · Gross income · Income distribution · Income inequality metrics · Inequality · Labour economics · Market liquidity · Monetary economics · Net national income · Permanent income hypothesis · Public economics · Total personal income · Volatility (finance · Economic theories and models · Income, Poverty, and Inequality · Monetary Policy and Economic Impact
On the Impact of Inequality on Growth, Human Development, and Governance
International tourism and income inequality
Impact of economic growth volatility on income inequality
A simultaneous equation model of economic development and income inequality
Child mortality, commodity price volatility and the resource curse
Financial Development and Income Inequality
Understanding Consumption
The Penn World Table (Mark 5)
Who is Credit Constrained in the U. S. Economy?
Increasing risk
Finance and Growth
Serial Correlation and the Fixed Effects Model
A Reassessment of the Relationship Between Inequality and Growth
A New Data Set Measuring Income Inequality
Growth, income distribution, and democracy
Inequality and Growth in a Panel of Countries
Testing for Liquidity Constraints in Euler Equations with Complementary Data Sources
Occupational Choice and the Process of Development
Consumption and Liquidity Constraints
Income and Wealth Heterogeneity in the Macroeconomy
The Craft of Labormetrics
| Unique citing works | 6 |
|---|---|
| Citations per year | 0,3 |
| Citation span | 2006 - 2023 (18) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 6 |