Browsing by Author "Unalan, Gokhan"

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Citation - WoS: 1
Citation - Scopus: 1
The Effectiveness of Redistribution in Carbon Inequality: What About the Top 1%
(MDPI, 2025) Boz, Arinc; Unalan, Gokhan; Caskurlu, Eren
This study investigates the impact of income redistribution on carbon emissions across 154 countries from 1995 to 2023, with a particular focus on carbon inequality. Using a dynamic panel approach with two-step System GMM estimations, the analysis considers three dependent variables: average per capita emissions, top 1% per capita emissions, and the ratio of top 1% per capita emissions to national average per capita emissions. Results show that income redistribution (measured in both absolute and relative terms) significantly reduces average per capita emissions in the short term. However, redistribution has no mitigating effect on the carbon emissions of the top 1%; in some models, it is even associated with increases in elite emissions and a widening of carbon inequality. These findings suggest that while redistribution may contribute to national emission reductions, it is insufficient to curb the carbon-intensive lifestyles of the wealthiest. The analysis confirms the Environmental Kuznets Curve (EKC) hypothesis and underscores the need for complementary policy tools to more effectively address the emissions of high-emitting individuals. Overall, this study contributes to the literature by linking income redistribution with emission disparities across income groups and highlights the importance of considering distributional dynamics in climate policy design.
Citation - WoS: 2
Citation - Scopus: 5
The Impact of Increases in Housing Prices on Income Inequality: a Perspective on Sustainable Urban Development
(Mdpi, 2025) Unalan, Gokhan; Camalan, Ozge; Yilmaz, Hakki Hakan
This study examines the impact of housing price increases on income inequality using the dynamic system GMM for OECD countries (2010-2021). We test the hypothesis that housing price appreciation affects income distribution differently based on economic development levels and homeownership patterns. The analysis is conducted both for the entire sample and by dividing countries into two groups based on per capita income, Group 1 (16 countries) with below-median per capita GDP and Group 2 (17 countries) with above-median per capita GDP, to account to account for structural differences in housing markets, financial systems, and wealth accumulation mechanisms. The findings show that rising housing prices help reduce income inequality, especially in countries that are relatively low-income and where more low-income households own their homes. Specifically, our estimates indicate that a one-point increase in the housing price index leads to a statistically significant (p < 0.05) 0.21 percentage point reduction in the Gini change rate in lower-income countries. However, in higher-income countries, the effect of housing prices on inequality is statistically insignificant, suggesting that the relationship between housing markets and income inequality varies across different economic contexts. This insignificance likely stems from countervailing forces: while housing appreciation increases wealth for homeowners, higher housing costs may disproportionately burden lower-income households through rental markets in these economies. The findings highlight the importance of country-specific housing programs that consider homeownership patterns and financial market access in tackling inequality, along with comprehensive public social policies. Our study has implications for policymakers seeking to address inequality through housing market interventions, particularly during the post-2008 recovery period and into the early pandemic phase.