Limited Asset Market Participation, Income Inequality and Macroeconomic Volatility.
نویسندگان
چکیده
منابع مشابه
Income Inequality and Macroeconomic Fluctuations
We document a relationship between income inequality and variability in aggregate consumption growth. In high-income countries, greater income inequality is associated with more volatility in consumption growth, whereas in lower-income countries, higher levels of income inequality are associated with less volatility. We present weaker evidence that variability in real GDP growth is also related...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2013
ISSN: 1556-5068
DOI: 10.2139/ssrn.2364487