Income inequality and household debt: a cointegration test

Edmond Berisha, John Meszaros, Eric Olson

Research output: Contribution to journalArticle

5 Citations (Scopus)

Abstract

This article employs the Johansen and Engle–Granger methodology to determine if there is a cointegrating relationship between household debt and income inequality as measured by Atkinson, Piketty and Saez (2011). The results suggest a cointegrating relationship between the two series. A vector error correction model is estimated showing that a shock to household debt has statistically significant effects on income inequality in the United States over the time period 1919–2009.

Original languageEnglish
Pages (from-to)1469-1473
Number of pages5
JournalApplied Economics Letters
Volume22
Issue number18
DOIs
StatePublished - 12 Dec 2015

Fingerprint

Household debt
Income inequality
Cointegration test
Household income
Vector error correction model
Methodology

Keywords

  • cointegration
  • household debt
  • income inequality

Cite this

Berisha, Edmond ; Meszaros, John ; Olson, Eric. / Income inequality and household debt : a cointegration test. In: Applied Economics Letters. 2015 ; Vol. 22, No. 18. pp. 1469-1473.
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Income inequality and household debt : a cointegration test. / Berisha, Edmond; Meszaros, John; Olson, Eric.

In: Applied Economics Letters, Vol. 22, No. 18, 12.12.2015, p. 1469-1473.

Research output: Contribution to journalArticle

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