A More Efficient Estimate of the Effects of Macroeconomic Activity on the Distribution of Income
用广义最小二乘法估计美国失业率和通胀对家庭收入五等分份额的影响，发现通胀显著改善收入分配，失业则加剧不平等。
The effects of unemployment and inflation on quintile shares of family income in the United States are estimated by means of generalized least squares. Inflation is found to have a significant progressive impact on the distribution of income. The results also lend support to earlier findings regarding the regressive effects of unemployment. Copyright 1994 by MIT Press.