scholarly journals Cost of Living Inequality During the Great Recession

2020 ◽  
Author(s):  
David Argente ◽  
Munseob Lee
Keyword(s):  
Income Inequality ◽  
Income Distribution ◽  
Great Recession ◽  
Shopping Behavior ◽  
Cost Of Living ◽  
The Great Recession ◽  
Income Groups ◽  
Percentage Points ◽  
Price Indexes ◽  
The Difference

Abstract We construct income-specific price indexes for the period from 2004 to 2016. We find substantial differences across income groups that arise during the Great Recession. The difference in annual inflation between the lowest quartile of the income distribution and the highest quartile was 0.22 percentage points for 2004–2007, 0.85 percentage points for 2008–2013, and 0.02 percentage points for 2014–2016. We find that product quality substitution and changes in the shopping behavior, margins mostly available to richer households, explain around 40% of the gap. Our evidence shows that not accounting for these differences in price indexes could lead to significant biases in the calculation of consumption and income inequality.

Does income distribution among immigrants adapt to host country?

2021 ◽  
Author(s):  
Asena Caner ◽  
Peder J. Pedersen
Keyword(s):  
Income Inequality ◽  
Income Distribution ◽  
Host Country ◽  
Great Recession ◽  
Natural Experiment ◽  
The Great Recession ◽  
Special Groups ◽  
Structural Differences ◽  
Over Time

We investigate trends in income inequality for five special groups (immigrants from Turkey in Denmark and Germany, natives in the two countries and in Turkey). The migration of people with similar characteristics and motivations to countries with structural differences is similar to a natural experiment. We ask whether immigrant inequality adapts over time to inequality among natives. We find, first, that immigrants are concentrated in the lower deciles of the overall income distribution. Secondly, considering native and immigrant distributions separately, in every decile an average native is significantly richer than an average immigrant. Thirdly, inequality decompositions show that during the great recession, in Denmark inequality grew faster among immigrants than among natives. In Germany, inequality rose somewhat among natives, while it remained the same among immigrants. Therefore, we do not observe a convergence in inequality. In both countries, in 2007-2013, rising inequality among natives is the most important factor behind the rise in overall inequality. For the longer period from the 1980s to 2013 we find no convergence in inequality. Finally, compared to Turks in Turkey, immigrants in both countries have higher incomes, distributed much more equally.  

Surviving the Great Recession: the influence of income inequality in US urban counties

2017 ◽  
Vol 52 (6) ◽  
pp. 781-792 ◽  
Author(s):  
Paul A. Lewin ◽  
Philip Watson ◽  
Anna Brown
Keyword(s):  
Income Inequality ◽  
Great Recession ◽  
The Great Recession

Air Pollution and Trade: The Case of China

2021 ◽  
Vol 16 (2) ◽  
pp. 307-346
Author(s):  
Jin Qin ◽  
◽  
Ivan T. Kandilov ◽  
Roger H. von Haefen ◽  
◽  
...  
Keyword(s):  
Air Pollution ◽  
Sulfur Dioxide ◽  
Great Recession ◽  
Fine Particulate Matter ◽  
Annual Data ◽  
Exogenous Shock ◽  
The Great Recession ◽  
Sulfur Dioxide Emissions ◽  
Percentage Points ◽  
Emissions Intensity

We estimate the effects of trade on air pollution in China. To address endogeneity concerns, we use an instrumental variable strategy that treats the Great Recession as an exogenous shock that differentially affected China’s coastal provinces, which export a greater volume of manufacturing as they are closer to navigable waters. In our empirical analysis, we employ annual data on emissions of sulfur dioxide as well as smoke and dust at the province level from 2003 to 2015 to measure air pollution intensity (the ratio of air pollution to GDP), and we also use fine particulate matter (PM2.5) concentrations data derived from satellite imagery as a robustness check. We find that a decrease in trade intensity (the ratio of trade to GDP) by 10 percentage points (a negative trade shock similar to what occurred during the Great Recession) increases sulfur dioxide emissions intensity by about 38 percentage points. Emissions of the other two air pollutants grow by similar proportions.

Racial Disparities in Credit Constraints in the Great Recession: Evidence from the UK

2011 ◽  
Vol 11 (1) ◽  
Author(s):  
John Gathergood
Keyword(s):  
Racial Disparities ◽  
Great Recession ◽  
Credit Constraints ◽  
Racial Minority ◽  
Racial Groups ◽  
Credit Access ◽  
The Great Recession ◽  
Household Credit ◽  
The Difference ◽  
The Uk

Abstract This paper investigates racial disparities in household credit constraints using UK survey data. We find a widening disparity in the proportion of racial minority households reporting they face credit constraints compared with non-minority households over the period 2006-2009. By 2009 three times as many racial minority households faced credit constraints compared with non-minority households. The difference in credit constraints across racial minority and non-minority households is not explained by a broad set of covariates. While cross-section variation in reported credit constraints might most likely reflect unobservables, we argue this time series variation is very unlikely to arise due to unobservables and is evidence of growing perceived disparity in credit access between racial groups over the period.

Measuring the Trends in Inequality of Individuals and Families: Income and Consumption

2013 ◽  
Vol 103 (3) ◽  
pp. 184-188 ◽  
Author(s):  
Jonathan D Fisher ◽  
David S Johnson ◽  
Timothy M Smeeding
Keyword(s):  
United States ◽  
Income Inequality ◽  
Great Recession ◽  
The United States ◽  
Disposable Income ◽  
Consumer Expenditure ◽  
Present Evidence ◽  
The Great Recession

We present evidence on the level of and trend in inequality from 1985-2010 in the United States, using disposable income and consumption for a sample of individuals from the Consumer Expenditure (CE) Survey. Differing from the findings in other recent research, we find that the trends in income and consumption inequality are broadly similar between 1985 and 2006, but diverge during the Great Recession with consumption inequality decreasing and income inequality increasing. Given the differences in the trends in inequality in the last four years, using both income and consumption provides useful information.

Evidence on Income Inequality in the United States, 1866–1965

1969 ◽  
Vol 29 (2) ◽  
pp. 279-286 ◽  
Author(s):  
Lee C. Soltow
Keyword(s):  
United States ◽  
Civil War ◽  
Income Inequality ◽  
Income Distribution ◽  
Income Tax ◽  
Wealth Distribution ◽  
The United States ◽  
Turn Of The Century ◽  
Personal Income ◽  
Income Groups

It is commonly thought that income distribution among people became more concentrated after the Civil War and that this direction continued until the turn of the century. We can look methodically at the income tax distributions from the Civil War period and compare them directly with the distributions arising from the income tax after 1912. We also have some data from the abortive income tax of 1894. After examining the various blocks of evidence, the conclusion will be made that inequality among upper-income groups did not increase during this period. It is necessary to emphasize that the present investigation is one of income and not of wealth. It might have been possible for the nonhuman wealth distribution among people to remain constant or to increase in inequality while the personal income distribution was decreasing in inequality.

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