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http://bura.brunel.ac.uk/handle/2438/32266| Title: | Exploring the link between household debt and income inequality: an asymmetric approach |
| Authors: | Fasianos, A Raza, H Kinsella, S |
| Keywords: | household debt;income inequality;credit asymmetry;nonlinear ARDL |
| Issue Date: | 4-Jul-2016 |
| Publisher: | Routledge (Taylor and Francis Group) |
| Citation: | Fasianos, A., Raza, H. and Kinsella, S. (2017) 'Exploring the link between household debt and income inequality: an asymmetric approach', Applied Economics Letters, 24 (6), pp. 404 - 409. doi: 10.1080/13504851.2016.1197360. |
| Abstract: | We investigate the relationship between household debt and income inequality in the USA, allowing for asymmetry, using data over the period 1913–2008. We find evidence of an asymmetric cointegration between household debt and inequality for different regimes. Our results indicate household debt only responds to positive changes in income inequality, while there is no evidence of falling inequality significantly affecting household debt. The presence of this asymmetry provides further empirical insights into the emerging literature on household debt and inequality. |
| URI: | https://bura.brunel.ac.uk/handle/2438/32266 |
| DOI: | https://doi.org/10.1080/13504851.2016.1197360 |
| ISSN: | 1350-4851 |
| Other Identifiers: | ORCiD: Apostolos Fasianos https://orcid.org/0000-0001-9811-7669 |
| Appears in Collections: | Dept of Economics and Finance Research Papers |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| FullText.pdf | Copyright © 2016 Taylor & Francis. This is an Accepted Manuscript of an article published by Taylor & Francis in Applied Economics Letters on 04 Jul 2016, available at: https://www.tandfonline.com/10.1080/13504851.2016.1197360 (see: https://authorservices.taylorandfrancis.com/research-impact/sharing-versions-of-journal-articles/). | 377.42 kB | Adobe PDF | View/Open |
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