Is income inequality persistent? Evidence using panel stationarity tests, 1870–2011
2015
Isalāma, Moḥ. Rabiula | Madsen, Jakob B.
Using data on inequality for 21 OECD countries over the period 1870–2011 this paper tests the Piketty hypothesis that income inequality is likely to grow in the 21st century. It is shown that the null hypothesis of trend stationarity of inequality cannot be rejected at conventional significance levels, suggesting that shocks to income inequality are likely to be temporary.
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书目信息
出版者
Elsevier Ltd
其它主题
C12; Inequality; Cross-sectional dependence; D63; Social inequality; Multiple structural breaks
语言
英语
类型
Journal Article; Text
2024-02-29
MODS