Time-varying predictability of labor productivity on inequality in United Kingdom

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dc.contributor.author Gabauer, David
dc.contributor.author Gupta, Rangan
dc.contributor.author Nel, Jacobus
dc.contributor.author Yamaka, Woraphon
dc.date.accessioned 2022-09-08T11:06:59Z
dc.date.available 2022-09-08T11:06:59Z
dc.date.issued 2021-06
dc.description.abstract In this paper, we analyze time-varying predictability of labor productivity for growth in income (and consumption) inequality of the United Kingdom (UK) based on a high-frequency (quarterly) data set over 1975:Q1 to 2016:Q1. Results indicate that the growth rate of an index of labor productivity has a strong predictive power on growth rate of income (and consumption) inequality in the UK. Interestingly, the strength of the predictive power is found to be higher towards the end of the sample period in the wake of the global financial crisis. In addition, based on time-varying impulse response function analysis, we find that inequality and labor productivity growth rates are in general negatively associated over our sample period, barring a short-lived positive impact initially. en_US
dc.description.department Economics en_US
dc.description.librarian hj2022 en_US
dc.description.sponsorship BMK, BMDW and the Province of Upper Austria in the frame of the COMET Programme managed by FFG. en_US
dc.description.uri http://link.springer.com/journal/11205 en_US
dc.identifier.citation Gabauer, D., Gupta, R., Nel, J. et al. Time-Varying Predictability of Labor Productivity on Inequality in United Kingdom. Social Indicators Research 155, 771–788 (2021). https://doi.org/10.1007/s11205-021-02622-w. en_US
dc.identifier.issn 0303-8300 (print)
dc.identifier.issn 1573-0921 (online)
dc.identifier.other 10.1007/s11205-021-02622-w
dc.identifier.uri https://repository.up.ac.za/handle/2263/87123
dc.language.iso en en_US
dc.publisher Springer en_US
dc.rights © The Author(s), under exclusive licence to Springer Nature B.V. part of Springer Nature 2021 . The original publication is available at http://link.springer.com/journal/11205 [12 months embargo] en_US
dc.subject Labor productivity en_US
dc.subject Inequality en_US
dc.subject Time-varying predictions en_US
dc.title Time-varying predictability of labor productivity on inequality in United Kingdom en_US
dc.type Postprint Article en_US


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