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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w29050 |
来源ID | Working Paper 29050 |
Macroeconomic Misery by Levels of Income in America | |
Martin Ravallion | |
发表日期 | 2021-07-19 |
出版年 | 2021 |
语种 | 英语 |
摘要 | Thirty years of distributional data are used to study the short-term impacts of popular macroeconomic indicators on real household incomes from the poorest to the richest Americans. The appropriate weights on unemployment versus inflation vary across the distribution. The unemployment rate matters at all levels, but especially so for the poorest. Inflation rates matter at middle incomes, though Okun’s famous Misery Index only performs well for the top income groups. GDP growth matters at all levels and proportionately more for the poorest, though only via the unemployment rate. Recessions are poverty-increasing, and skewness-decreasing, but with ambiguous effects on overall inequality. |
主题 | Microeconomics ; Market Structure and Distribution ; Macroeconomics ; Business Cycles |
URL | https://www.nber.org/papers/w29050 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586724 |
推荐引用方式 GB/T 7714 | Martin Ravallion. Macroeconomic Misery by Levels of Income in America. 2021. |
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文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w29050.pdf(309KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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