What drove income inequality in crisis countries during the Great Recession? 1

2020 ◽  
Author(s):  
Karina Doorley ◽  
Tim Callan ◽  
Michael Savage
Keyword(s):  
Income Inequality ◽  
Great Recession ◽  
The Great Recession

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

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.

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.

Rising Income Inequality During the Great Recession Had No Impact on Subjective Wellbeing in Europe, 2003–2012

2017 ◽  
Vol 20 (1) ◽  
pp. 203-228 ◽  
Author(s):  
M. D. R. Evans ◽  
Jonathan Kelley ◽  
S. M. C. Kelley ◽  
C. G. E. Kelley
Keyword(s):  
Income Inequality ◽  
Great Recession ◽  
Subjective Wellbeing ◽  
The Great Recession

scholarly journals Measuring Uncertainty for Poverty Indicators at Regional Level: The Case of Mediterranean Countries

2020 ◽  
Vol 12 (19) ◽  
pp. 8159
Author(s):  
Ilaria Benedetti ◽  
Federico Crescenzi ◽  
Tiziana Laureti
Keyword(s):  
Income Inequality ◽  
Great Recession ◽  
Regional Level ◽  
Income Poverty ◽  
Jackknife Method ◽  
The Great Recession ◽  
Replication Method ◽  
Mediterranean Countries ◽  
Poverty Indicators ◽  
Variance Estimates

Over the last years, there has been an increased interest in compiling poverty indicators as well as in providing uncertainty measures both at national and regional level. In this paper, we provide point and variance estimates of two widely used income-poverty indicators, which belong to the class of the Foster-Greer-Thorbecke (FGT), and two widely used income-inequality indicators. We focused on Mediterranean countries since they have been severely hit by the Great Recession which increased poverty intensity and socio-economic inequalities. By using the 2018 EU-SILC data we analysed the spatial distribution of poverty by constructing maps at NUTS2 territorial level. Our estimation results reveal that national poverty indicators hide a high heterogeneity of poverty across regions within each country, especially for Italy and Spain. This study also provides computations of standard errors at regional level which have been explored only in a limited number of papers. To this aim we adopted the Jackknife replication method thanks to its convenient properties. As expected, the uncertainty measure is influenced by the reduced number of sampling units in each NUTS2 region especially in some regions of Spain and Italy. The Jackknife method proved to perform well in the case of income-inequality indicators especially for Greece, Italy, Croatia and Portugal.

Consumption Inequality over the Last Half Century: Some Evidence Using the New PSID Consumption Measure

2014 ◽  
Vol 104 (5) ◽  
pp. 122-126 ◽  
Author(s):  
Orazio Attanasio ◽  
Luigi Pistaferri
Keyword(s):  
United States ◽  
Time Series ◽  
Income Inequality ◽  
Great Recession ◽  
The United States ◽  
The Great Recession ◽  
Consumption Data ◽  
Long Time ◽  
Imputation Procedure

This paper contributes to the debate regarding trends in consumption inequality in the United States. We present a new measure of consumption inequality based on the redesigned 1999-2011 PSID. We impute consumption to the families observed before 1999 using the more comprehensive consumption data available from 1999 onward. One advantage of this procedure is in sample verification of the quality of the imputation procedure; another is that it yields a long time series (1967-2010). Consumption inequality was stable in the 1970s, as was income inequality. It increased significantly after 1980. The Great Recession was associated with a decline in consumption inequality.

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