Does Greater Income Inequality cause Increased Work Hours? New Evidence from High Income Economies

Show simple item record

dc.contributor.author Alexiou, Constantinos
dc.contributor.author Kartiyasa, Adimulya
dc.date.accessioned 2020-01-29T17:28:59Z
dc.date.available 2020-01-29T17:28:59Z
dc.date.issued 2020-01-27
dc.identifier.citation Alexiou C & Kartiyasa A (2020) Does Greater Income Inequality cause Increased Work Hours? New Evidence from High Income Economies. Bulletin of Economic Research, Available online 27 January 2020 en_UK
dc.identifier.issn 0307-3378
dc.identifier.uri https://doi.org/10.1111/boer.12226
dc.identifier.uri http://dspace.lib.cranfield.ac.uk/handle/1826/15043
dc.description.abstract We explore the extent to which individual's allocation of time between labour and leisure is affected by the consumption standards of the rich. Utilizing a panel data methodology and panel Granger causality tests we investigate the relationship between income inequality and work hours for a cluster of 24 high‐income OECD countries over the period 1990–2015. Four alternative measures of income inequality are considered. We find that greater income inequality is associated with longer work hours indicating stronger concern for conspicuous consumption rather than conspicuous leisure. Even though the resulting estimates lend support to the theoretical framework on consumption emulation, the generated evidence also appears to be in line with a Duesenberry's and Frank's expenditure cascading approach. The ambiguity however arising from the Granger Causality tests appears to lead – to a certain extent – to different conclusions about the direction of causality or whether a causal relationship does even exist. It is therefore imperative that caution should be exercised when interpreting the direction of the causal dimension en_UK
dc.language.iso en en_UK
dc.publisher Wiley en_UK
dc.rights Attribution-NonCommercial 4.0 International *
dc.rights.uri http://creativecommons.org/licenses/by-nc/4.0/ *
dc.title Does Greater Income Inequality cause Increased Work Hours? New Evidence from High Income Economies en_UK
dc.type Article en_UK


Files in this item

The following license files are associated with this item:

This item appears in the following Collection(s)

Show simple item record

Attribution-NonCommercial 4.0 International Except where otherwise noted, this item's license is described as Attribution-NonCommercial 4.0 International

Search CERES


Browse

My Account

Statistics