The impact of wealth inequality on inflation and unfair competition among consumers

DAŞDEMİR E.

Manchester School, 2024 (SSCI) identifier

  • Yayın Türü: Makale / Tam Makale
  • Basım Tarihi: 2024
  • Doi Numarası: 10.1111/manc.12500
  • Dergi Adı: Manchester School
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus, IBZ Online, International Bibliography of Social Sciences, ABI/INFORM, Business Source Elite, Business Source Premier, EconLit
  • Anahtar Kelimeler: consumption inequality, income inequality, inflation, unfair competition, wealth inequality
  • İstanbul Gelişim Üniversitesi Adresli: Evet

Özet

This study examines unfair competition among consumers according to wealth groups. The study hypothesizes that consumer groups with high income and wealth levels have a competitive advantage over consumer groups with low income and wealth levels, and therefore wealth inequality may create upward pressure on prices. Data from 37 Organisation for Economic Co-operation and Development member countries covering 2000–2022 were used in the analysis. According to the results of the analysis, increases in the wealth of high-wealth groups increase the inflation rate more severely.