Title: Income inequality through ARDL modeling
Authors: Alexandra Livada - Athens University of Economics and Business (Greece) [presenting]
Abstract: The aim is to investigate how and to what extent the main macroeconomic factors may affect income inequality as measured by top income shares. The macroeconomic indicators of most interest are the economic development and the openness of the economy, as well as education, financial development and inflation. The methodology of Autoregressive Distributed Lag (ARDL) cointegration procedure is employed to analyse empirically the long-run relationships and dynamic interaction among the variables of interest. The findings refer to the period before and after the economic crisis for northern European countries.