?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=https%3A%2F%2Fpure.iiasa.ac.at%2Fid%2Feprint%2F13996%2F&rft.title=Does+income+inequality+affect+aggregate+consumption%3F+Revisiting+the+evidence&rft.creator=Crespo+Cuaresma%2C+J.&rft.creator=Kubala%2C+J.&rft.creator=Patrikova%2C+K.&rft.description=The+standard+Keynesian+view+predicts+that+equalization+of+the+income+distribution+leads+to+an+increase+in+aggregate+consumption.+We+revisit+the+analysis+carried+out+by+the+seminal+empirical+contributions+which+test+such+a+hypothesis+using+modern+econometric+methods+and+the+most+comprehensive+dataset+existing+on+income+distribution+measures.+Our+results+indicate+that+there+is+no+substantive+empirical+evidence+of+an+effect+of+income+inequality+on+aggregate+consumption.&rft.publisher=Vienna+University+of+Business+and+Economics&rft.date=2016-01&rft.type=Other&rft.type=NonPeerReviewed&rft.format=text&rft.language=en&rft.rights=cc_by&rft.identifier=https%3A%2F%2Fpure.iiasa.ac.at%2Fid%2Feprint%2F13996%2F1%2Fwp210.pdf&rft.identifier=++Crespo+Cuaresma%2C+J.+%3Chttps%3A%2F%2Fpure.iiasa.ac.at%2Fview%2Fiiasa%2F58.html%3E%2C+Kubala%2C+J.%2C+%26+Patrikova%2C+K.++(2016).++Does+income+inequality+affect+aggregate+consumption%3F+Revisiting+the+evidence.++++Vienna+University+of+Business+and+Economics+%2C+Vienna.+++++&rft.relation=http%3A%2F%2Fwww.wu.ac.at%2Feconomics%2Fforschung%2Fwp%2F