Unequal = Indebted - Archive ouverte HAL Access content directly
Journal Articles Finance & Development Year : 2011

Unequal = Indebted

(1) , (1, 2, 3)
1
2
3

Abstract

In current research we therefore extend the work reported in "Leveraging Inequality" (F&D, December 2010), which dealt with only the United States, to include an open-economy dimension. We find (see Chart 1) that what unites the experiences of the main deficit countries is a steep increase in income inequality over recent decades, as measured by the share of income going to the richest 5 percent of the country's income distribution
Not file

Dates and versions

halshs-00754519 , version 1 (20-11-2012)

Identifiers

  • HAL Id : halshs-00754519 , version 1

Cite

Michael Kumhof, Romain Rancière. Unequal = Indebted. Finance & Development, 2011, pp.25-27. ⟨halshs-00754519⟩
86 View
0 Download

Share

Gmail Facebook Twitter LinkedIn More