Inequality and household debt: a panel cointegration analysis
| LEADER | caa a22 4500 | ||
|---|---|---|---|
| 001 | 605534578 | ||
| 003 | CHVBK | ||
| 005 | 20210128100843.0 | ||
| 007 | cr unu---uuuuu | ||
| 008 | 210128e20150501xx s 000 0 eng | ||
| 024 | 7 | 0 | |a 10.1007/s10663-015-9281-7 |2 doi |
| 035 | |a (NATIONALLICENCE)springer-10.1007/s10663-015-9281-7 | ||
| 100 | 1 | |a Klein |D Mathias |u Faculty of Business, Economics and Social Sciences, TU Dortmund University, Vogelpothsweg 87, 44227, Dortmund, Germany |4 aut | |
| 245 | 1 | 0 | |a Inequality and household debt: a panel cointegration analysis |h [Elektronische Daten] |c [Mathias Klein] |
| 520 | 3 | |a This study investigates whether there exists an empirical long-run relationship between income inequality and household debt. By using panel cointegration techniques, I find that inequality and leverage are cointegrated of order one and therefore share a common trending relation. Removing this trend by first differencing the series leads to biased inference. The results are robust to different indicators for household debt and alternative inequality measures. In the long-run, a 1% point increase in inequality is associated with an increase in household credit by 2-6%, depending on the inequality measure used. | |
| 540 | |a Springer Science+Business Media New York, 2015 | ||
| 690 | 7 | |a Income inequality |2 nationallicence | |
| 690 | 7 | |a Household debt |2 nationallicence | |
| 690 | 7 | |a Panel cointegration |2 nationallicence | |
| 773 | 0 | |t Empirica |d Springer US; http://www.springer-ny.com |g 42/2(2015-05-01), 391-412 |x 0340-8744 |q 42:2<391 |1 2015 |2 42 |o 10663 | |
| 856 | 4 | 0 | |u https://doi.org/10.1007/s10663-015-9281-7 |q text/html |z Onlinezugriff via DOI |
| 898 | |a BK010053 |b XK010053 |c XK010000 | ||
| 900 | 7 | |a Metadata rights reserved |b Springer special CC-BY-NC licence |2 nationallicence | |
| 908 | |D 1 |a research-article |2 jats | ||
| 949 | |B NATIONALLICENCE |F NATIONALLICENCE |b NL-springer | ||
| 950 | |B NATIONALLICENCE |P 856 |E 40 |u https://doi.org/10.1007/s10663-015-9281-7 |q text/html |z Onlinezugriff via DOI | ||
| 950 | |B NATIONALLICENCE |P 100 |E 1- |a Klein |D Mathias |u Faculty of Business, Economics and Social Sciences, TU Dortmund University, Vogelpothsweg 87, 44227, Dortmund, Germany |4 aut | ||
| 950 | |B NATIONALLICENCE |P 773 |E 0- |t Empirica |d Springer US; http://www.springer-ny.com |g 42/2(2015-05-01), 391-412 |x 0340-8744 |q 42:2<391 |1 2015 |2 42 |o 10663 | ||