✦ LIBER ✦
Testing the significance of income distribution changes over the 1980s business cycle: a cross-national comparison
✍ Scribed by Richard V. Burkhauser; Amy Crews Cutts; Mary C. Daly; Stephen P. Jenkins
- Publisher
- John Wiley and Sons
- Year
- 1999
- Tongue
- English
- Weight
- 234 KB
- Volume
- 14
- Category
- Article
- ISSN
- 0883-7252
No coin nor oath required. For personal study only.
✦ Synopsis
Using kernel density estimation we describe the distribution of household size-adjusted real income and how it changed over the business cycle of the 1980s in the United States and the United Kingdom. We con®rm previous studies that show income inequality increased in the two countries and the middle of the distribution was squashed down. Using a series of statistical tests, however, we ®nd that while the mass in both tails of the distribution increased signi®cantly in both countries over the period, by far the greatest gains were in the upper tail.