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Inequality, Savings, and Consumption: A Reassessment of the Relationships in Cointegrated Panels
Applied Economics Quarterly, Vol. 59 (2013), Iss. 3 : pp. 235–251
4 Citations (CrossRef)
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Helsinki Center of Economic Research (HECER), University of Helsinki, Finland.
Cited By
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Poverty and the business cycle: A regional panel data analysis for Spain using alternative measures of unemployment
Ayala, Luis | Cantó, Olga | Rodríguez, Juan G.The Journal of Economic Inequality, Vol. 15 (2017), Iss. 1 P.47
https://doi.org/10.1007/s10888-016-9343-5 [Citations: 8] -
Does income inequality contribute to credit cycles?
Malinen, Tuomas
The Journal of Economic Inequality, Vol. 14 (2016), Iss. 3 P.309
https://doi.org/10.1007/s10888-016-9334-6 [Citations: 22] -
The relationship between income inequality and aggregate saving: an empirical analysis using cross-country panel data
Koo, Jaewoon | Song, YunxingApplied Economics, Vol. 48 (2016), Iss. 10 P.892
https://doi.org/10.1080/00036846.2015.1090548 [Citations: 10] -
Inequality and Saving: Further Evidence from Integrated Economies
Gu, Xinhua | Huang, Bihong | Tam, Pui Sun | Zhang, YangReview of Development Economics, Vol. 19 (2015), Iss. 1 P.15
https://doi.org/10.1111/rode.12125 [Citations: 6]
Abstract
The effect of income inequality on savings and consumption remains an open empirical issue despite several decades of research. The results obtained in this study indicate that income inequality, gross savings, and private consumption are unit root processes, but only inequality and private consumption are cointegrated across the sample. Inequality and gross savings are found to be cointegrated only in some countries. In addition, inequality is found to have a negative impact on private consumption.
JEL classification: E21, C22, C23