Araştırma Makalesi
Yıl 2022,
Cilt: 3 Sayı: 2, 43 - 55, 30.12.2022
Öz
Bu çalışmada, hanehalkı borcu ve gelir dağılımı arasındaki ilişki incelenmektedir. Bu doğrultuda 1995-2021 dönemi ve 34 OECD ülkesini kapsayan veri seti, OECD tabanından elde edilmiştir. Serilerin durağanlığı ve modelin istikrar testi literatüre uygun biçimde gerçekleştirilmektedir. Elde edilen bulgulara göre, gelir dağılımı ve hanehalkı borç oranı arasında anlamlı ve pozitif bir ilişki mevcuttur. Gelir eşitsizliği arttıkça (gelir dağılımı kötüleştikçe), borç oranı artmaktadır. Bununla birlikte etki-tepki ve varyans ayrıştırması analizlerine göre, söz konusu etki, uzun dönemde sürdürülmekte ve artarak devam etmektedir. Elde edilen bulgular, çift yönlü nedensellik bağlamında, mevcut literatür ile uyumludur. Bu bağlamda, kısa ve uzun dönemde ekonomik istikrara yönelik politikaların, gelir dağılımının uzun dönem etkileri göz önünde bulundurması gerekliliği vurgulanmaktadır.
Anahtar Kelimeler
Kaynakça
- Barba, A., & Pivetti, M. (2009). Rising household debt: Its causes and macroeconomic implications— a long-period analysis. Cambridge journal of economics, 33(1), 113-137. Berisha, E., & Meszaros, J. (2017). Household debt, economic conditions, and income inequality: A state level analysis. The Social Science Journal, 54(1), 93-101. Berisha, E., Meszaros, J., & Olson, E. (2018). Income inequality, equities, household debt, and interest rates: Evidence from a century of data. Journal of International Money and Finance, 80, 1-14. Brown, C. (2004). Does income distribution matter for effective demand? Evidence from the United States. Review of Political Economy, 16(3), 291-307. Christen, M., & Morgan, R. M. (2005). Keeping up with the Joneses: Analyzing the effect of income inequality on consumer borrowing. Quantitative Marketing and Economics, 3(2), 145-173. Coletta, M., De Bonis, R., & Piermattei, S. (2019). Household debt in OECD countries: The role of supply-side and demand-side factors. Social Indicators Research, 143(3), 1185-1217. De Vita, G., & Luo, Y. (2021). Financialization, household debt and income inequality: Empirical evidence. International Journal of Finance & Economics, 26(2), 1917-1937. Dumitrescu, B. A., Enciu, A., Hândoreanu, C. A., Obreja, C., & Blaga, F. (2022). Macroeconomic Determinants of Household Debt in OECD Countries. Sustainability, 14(7), 3977.
- Hvalgren, N., & Englund Davidsson, L. (2018). Income Inequality and Household Debt: A panel data study of 17 OECD-countries from 1995-2015.
- Iacoviello, M. (2008). Household debt and income inequality, 1963–2003. Journal of money, credit and banking, 40(5), 929-965.
- Klein, M. (2015). Inequality and household debt: a panel cointegration analysis. Empirica, 42(2), 391-412.
- Krueger, D., & Perri, F. (2006). Does income inequality lead to consumption inequality? Evidence and theory. The Review of Economic Studies, 73(1), 163-193.
- Kumhof, M., Rancière, R., & Winant, P. (2015). Inequality, leverage, and crises. American Economic Review, 105(3), 1217-45.
- Matos, C. (2019). Inequality and crisis: conspicuous consumption as the missing link in the Portuguese case. Journal of Economic Issues, 53(1), 26-38.
- Onaran, Ö., Stockhammer, E., & Grafl, L. (2011). Financialisation, income distribution and aggregate demand in the USA. Cambridge Journal of Economics, 35(4), 637-661.
- Rodrigues, J., C. Santos, A., & Teles, N. (2016). Semi-peripheral financialisation: the case of Portugal. Review of International Political Economy, 23(3), 480-510.
- Scott III, R. H., & Pressman, S. (2015). Inadequate household deleveraging: income, debt, and social provisioning. Journal of Economic Issues, 49(2), 483-492.
- Stockhammer, E. R., & Wildauer, R. (2018). Expenditure cascades, low interest rates or property booms? Determinants of household debt in OECD Countries. Review of Behavioral Economics, 5(2), 85.
- Van Treeck, T. (2014). Did inequality cause the US financial crisis?. Journal of economic Surveys, 28(3), 421-448.
Yıl 2022,
Cilt: 3 Sayı: 2, 43 - 55, 30.12.2022
Öz
Anahtar Kelimeler
Kaynakça
- Barba, A., & Pivetti, M. (2009). Rising household debt: Its causes and macroeconomic implications— a long-period analysis. Cambridge journal of economics, 33(1), 113-137. Berisha, E., & Meszaros, J. (2017). Household debt, economic conditions, and income inequality: A state level analysis. The Social Science Journal, 54(1), 93-101. Berisha, E., Meszaros, J., & Olson, E. (2018). Income inequality, equities, household debt, and interest rates: Evidence from a century of data. Journal of International Money and Finance, 80, 1-14. Brown, C. (2004). Does income distribution matter for effective demand? Evidence from the United States. Review of Political Economy, 16(3), 291-307. Christen, M., & Morgan, R. M. (2005). Keeping up with the Joneses: Analyzing the effect of income inequality on consumer borrowing. Quantitative Marketing and Economics, 3(2), 145-173. Coletta, M., De Bonis, R., & Piermattei, S. (2019). Household debt in OECD countries: The role of supply-side and demand-side factors. Social Indicators Research, 143(3), 1185-1217. De Vita, G., & Luo, Y. (2021). Financialization, household debt and income inequality: Empirical evidence. International Journal of Finance & Economics, 26(2), 1917-1937. Dumitrescu, B. A., Enciu, A., Hândoreanu, C. A., Obreja, C., & Blaga, F. (2022). Macroeconomic Determinants of Household Debt in OECD Countries. Sustainability, 14(7), 3977.
- Hvalgren, N., & Englund Davidsson, L. (2018). Income Inequality and Household Debt: A panel data study of 17 OECD-countries from 1995-2015.
- Iacoviello, M. (2008). Household debt and income inequality, 1963–2003. Journal of money, credit and banking, 40(5), 929-965.
- Klein, M. (2015). Inequality and household debt: a panel cointegration analysis. Empirica, 42(2), 391-412.
- Krueger, D., & Perri, F. (2006). Does income inequality lead to consumption inequality? Evidence and theory. The Review of Economic Studies, 73(1), 163-193.
- Kumhof, M., Rancière, R., & Winant, P. (2015). Inequality, leverage, and crises. American Economic Review, 105(3), 1217-45.
- Matos, C. (2019). Inequality and crisis: conspicuous consumption as the missing link in the Portuguese case. Journal of Economic Issues, 53(1), 26-38.
- Onaran, Ö., Stockhammer, E., & Grafl, L. (2011). Financialisation, income distribution and aggregate demand in the USA. Cambridge Journal of Economics, 35(4), 637-661.
- Rodrigues, J., C. Santos, A., & Teles, N. (2016). Semi-peripheral financialisation: the case of Portugal. Review of International Political Economy, 23(3), 480-510.
- Scott III, R. H., & Pressman, S. (2015). Inadequate household deleveraging: income, debt, and social provisioning. Journal of Economic Issues, 49(2), 483-492.
- Stockhammer, E. R., & Wildauer, R. (2018). Expenditure cascades, low interest rates or property booms? Determinants of household debt in OECD Countries. Review of Behavioral Economics, 5(2), 85.
- Van Treeck, T. (2014). Did inequality cause the US financial crisis?. Journal of economic Surveys, 28(3), 421-448.
Toplam 12 adet kaynakça vardır.
Ayrıntılar
| Birincil Dil | Türkçe |
|---|---|
| Bölüm | Araştırma Makaleleri |
| Yazarlar | |
| Yayımlanma Tarihi | 30 Aralık 2022 |
| Yayımlandığı Sayı | Yıl 2022 Cilt: 3 Sayı: 2 |
