Now there's been a lot more time for data to accumulate, so I looked up data on homicide, divorce, and inflation from 1950 until the latest year available (2009). Suicide is the classic measure of anomie, but it was harder to find annual data, so I left it out. I constructed an index of "anomie" that combined homicide and divorce, and regressed inflation on anomie and unemployment. With a correction for first-order autocorrelation (basically, inertia in everything else that affects inflation, here are the results:
constant 2.52
(0.80)
anomie 1.31
(0.31)
unemp -0.51
(0.20)
rho 0.61
(0.10) So there is very strong evidence of a relationship between anomie and inflation (plus pretty strong evidence of a traditional Phillips curve relationship between unemployment and inflation). Of course, this is a simplistic model, but when you have an apparent relationship that's this strong you have to suspect there's really something there.
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