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The nexus between debt and inequality has attracted considerable scholarly attention in the wake of the global … financial crisis. One prominent candidate to explain the striking co-evolution of income inequality and private debt in this …
Persistent link: https://www.econbiz.de/10012619846
This paper uses data taken from the tax returns of all Icelandic taxpayers in 2005-2019, a period that saw large changes in disposable income around the country's financial crisis in 2008, to plot the life-cycle path of consumption and income for different education groups and to estimate the...
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The quest for status is a powerful motivator, but does it affect inequality? This paper presents a novel lab experiment … that was designed and conducted to identify the relationship between inequality, status signaling, debt, and conspicuous … finance exacerbates inequality. The results point to a vicious cycle of inequality and costly borrowing …
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A method to impute consumption expenditure inequality between wealth groups in the Survey of Consumer Finances is … increases in wealth inequality have passed through to consumption. Repeating this exercise in the Panel Study of Income Dynamics …
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Recent studies of economic inequality almost always separately examine income, consumption, and wealth inequality and …-wealth households cannot smooth consumption as much as other households do, which further implies that increasing wealth inequality …
Persistent link: https://www.econbiz.de/10011995764