Koursaros, Demetris; Michail, Nektarios; Papadopoulou, Niki - 2021
assets for the capital gain (asset redistribution). The former increases total income and employment, while the latter alters … phenomenon of rising inequality and social harm over the course of a recession. As asset redistribution is predominantly a … privilege of the rich, an increase in inequality encourages more income redistribution, thus further exacerbating recessions …