caa a22 4500 605534578 CHVBK 20210128100843.0 cr unu---uuuuu 210128e20150501xx s 000 0 eng 10.1007/s10663-015-9281-7 doi (NATIONALLICENCE)springer-10.1007/s10663-015-9281-7 Klein Mathias Faculty of Business, Economics and Social Sciences, TU Dortmund University, Vogelpothsweg 87, 44227, Dortmund, Germany aut Inequality and household debt: a panel cointegration analysis [Elektronische Daten] [Mathias Klein] 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. Springer Science+Business Media New York, 2015 Income inequality nationallicence Household debt nationallicence Panel cointegration nationallicence Empirica Springer US; http://www.springer-ny.com 42/2(2015-05-01), 391-412 0340-8744 42:2<391 2015 42 10663 https://doi.org/10.1007/s10663-015-9281-7 text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s10663-015-9281-7 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Klein Mathias Faculty of Business, Economics and Social Sciences, TU Dortmund University, Vogelpothsweg 87, 44227, Dortmund, Germany aut NATIONALLICENCE 773 0- Empirica Springer US; http://www.springer-ny.com 42/2(2015-05-01), 391-412 0340-8744 42:2<391 2015 42 10663