The role of economic uncertainty on macroeconomic fluctuations has been studied extensively in the empirical literature; however, its distributional effects have received little attention. This paper attempts to fill this gap by investigating whether macroeconomic uncertainty affects income, wage, and consumption inequality in the United Kingdom. Our findings suggest that measures of inequality fall significantly to a macroeconomic uncertainty shock. Households in the middle and right tail of the income distribution appear to be more adversely affected relative to ones in the left tail. Income composition and households indebtedness explain a large part of the heterogeneous response. Uncertainty also appears to account significantly for the variation of income and consumption inequality.

中文翻译：

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宏观经济不确定性对不平等的影响：针对英国的实证研究

实证文献中广泛研究了经济不确定性对宏观经济波动的作用；然而，它的分配效应却很少受到关注。本文试图通过调查宏观经济不确定性是否影响英国的收入、工资和消费不平等来填补这一空白。我们的研究结果表明，不平等的衡量标准显着下降到宏观经济不确定性冲击。相对于左尾的家庭，位于收入分配中尾的家庭似乎受到的不利影响更大。收入构成和家庭债务在很大程度上解释了异质反应。不确定性似乎也是收入和消费不平等变化的重要原因。