Breen, Richard; García-Peñalosa, Cecilia - In: Review of Development Economics 9 (2005) 3, pp. 380-398
We explore the impact of macroeconomic volatility on the distribution of income. Using a cross-section of developed and developing countries, we find that greater output volatility, defined as the standard deviation of the rate of output growth, is associated with a higher Gini coefficient and...