G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w29050
来源IDWorking 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
URLhttps://www.nber.org/papers/w29050
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/586724
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Martin Ravallion. Macroeconomic Misery by Levels of Income in America. 2021.
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