Unequal = Indebted

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
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Article dans une revue
Finance & Development, 2011, pp.25-27
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Soumis le : mardi 20 novembre 2012 - 09:51:08
Dernière modification le : mardi 24 avril 2018 - 17:20:14

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  • HAL Id : halshs-00754519, version 1

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Michael Kumhof, Romain Rancière. Unequal = Indebted. Finance & Development, 2011, pp.25-27. 〈halshs-00754519〉

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