Aizenman, Joshua; Jinjarak, Yothin - 2012
This paper investigates the association between greater income inequality, de-facto fiscal space, and sovereign spreads …. Using data from 50 countries in 2007, in 2009 and in 2011, we find that higher income inequality is associated with a lower … base of 2 percent of the GDP, and with a higher sovereign spread of 45 basis points. -- Income inequality ; tax …