International records / OpenAlex research

Investigating the implications of Unemployment and Inflation for Income Inequality in Nigeria

In developing countries, Nigeria inclusive, among the macroeconomic goals pursued by the government to ensure the well-being of the residents include attainment of full employment, price stability and equitable distribution of income. Available statistics in Nigeria reveal that income inequality level, unemployment and inflation rates have been increasing in recent years. This study examined the effect of increase in inflation and unemployment rates on income inequality in Nigeria for the period (1981-2023) using Autoregressive Distributed lag (ARDL) Bound Test Approach. The findings of the st…