Do economic recessions cause inequality to rise?
We use a local projection approach to analyze the effect of economic recessions on income inequality in a comprehensive sample of 43 countries from 1960 to 2016. Although we consider both business-cycle and growth-cycle recessions, we fail to find evidence of significant positive impacts of economic...
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Taylor & Francis Group
2019-01-01
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| Series: | Journal of Applied Economics |
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| Online Access: | http://dx.doi.org/10.1080/15140326.2019.1620982 |
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doaj-b52c560d28b54db8b41536084cac7a132020-11-25T01:15:34ZengTaylor & Francis GroupJournal of Applied Economics1514-03261667-67262019-01-0122130432010.1080/15140326.2019.16209821620982Do economic recessions cause inequality to rise?Máximo Camacho0Gonzalo Palmieri1Universidad de MurciaUniversidad de MurciaWe use a local projection approach to analyze the effect of economic recessions on income inequality in a comprehensive sample of 43 countries from 1960 to 2016. Although we consider both business-cycle and growth-cycle recessions, we fail to find evidence of significant positive impacts of economic downturns on income distribution, once controls are added to the model. However, we do find important differences across countries, which mainly depend on the degree of economic development.http://dx.doi.org/10.1080/15140326.2019.1620982economic cyclesincome inequalitylocal projections |
| collection |
DOAJ |
| language |
English |
| format |
Article |
| sources |
DOAJ |
| author |
Máximo Camacho Gonzalo Palmieri |
| spellingShingle |
Máximo Camacho Gonzalo Palmieri Do economic recessions cause inequality to rise? Journal of Applied Economics economic cycles income inequality local projections |
| author_facet |
Máximo Camacho Gonzalo Palmieri |
| author_sort |
Máximo Camacho |
| title |
Do economic recessions cause inequality to rise? |
| title_short |
Do economic recessions cause inequality to rise? |
| title_full |
Do economic recessions cause inequality to rise? |
| title_fullStr |
Do economic recessions cause inequality to rise? |
| title_full_unstemmed |
Do economic recessions cause inequality to rise? |
| title_sort |
do economic recessions cause inequality to rise? |
| publisher |
Taylor & Francis Group |
| series |
Journal of Applied Economics |
| issn |
1514-0326 1667-6726 |
| publishDate |
2019-01-01 |
| description |
We use a local projection approach to analyze the effect of economic recessions on income inequality in a comprehensive sample of 43 countries from 1960 to 2016. Although we consider both business-cycle and growth-cycle recessions, we fail to find evidence of significant positive impacts of economic downturns on income distribution, once controls are added to the model. However, we do find important differences across countries, which mainly depend on the degree of economic development. |
| topic |
economic cycles income inequality local projections |
| url |
http://dx.doi.org/10.1080/15140326.2019.1620982 |
| work_keys_str_mv |
AT maximocamacho doeconomicrecessionscauseinequalitytorise AT gonzalopalmieri doeconomicrecessionscauseinequalitytorise |
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