Income inequality and household debt: a cointegration test

Edmond Berisha; John Meszaros; Eric Olson

doi:10.1080/13504851.2015.1039698

Income inequality and household debt: a cointegration test

Edmond Berisha, John Meszaros, Eric Olson

Economics

Research output: Contribution to journal › Article › peer-review

12 Scopus citations

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 language	English
Pages (from-to)	1469-1473
Number of pages	5
Journal	Applied Economics Letters
Volume	22
Issue number	18
DOIs	https://doi.org/10.1080/13504851.2015.1039698
State	Published - 12 Dec 2015

Keywords

cointegration
household debt
income inequality

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1080/13504851.2015.1039698

Cite this

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title = "Income inequality and household debt: a cointegration test",

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.",

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AU - Meszaros, John

AU - Olson, Eric

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N2 - 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.

AB - 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.

KW - cointegration

KW - household debt

KW - income inequality

UR - https://www.scopus.com/pages/publications/84942198896

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DO - 10.1080/13504851.2015.1039698

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Income inequality and household debt: a cointegration test

Abstract

Keywords

UN SDGs

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