On the Persistence of Cross‐Country Inequality Measures

B-Tier
Journal: Journal of Money, Credit, and Banking
Year: 2017
Volume: 49
Issue: 1
Pages: 255-266

Authors (2)

DIMITRIS CHRISTOPOULOS (not in RePEc) PETER MCADAM (European Central Bank)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We examine inequality persistence in a multicountry unbalanced panel using a battery of stationarity and long‐run memory tests. Inequality is measured by the Gini indices of income inequality. Results suggest that we cannot reject a unit root in inequality measures. This applies to both gross and net indices: thus while redistributive measures have reduced the level of inequality, they have not sufficiently modified its apparent unit root. A more likely conclusion is that inequality measures are exceptionally persistent if not strictly a unit root. We also introduce a new panel stationarity test useful for series subject to unknown structural breaks.

Technical Details

RePEc Handle
repec:wly:jmoncb:v:49:y:2017:i:1:p:255-266
Journal Field
Macro
Author Count
2
Added to Database
2026-01-25