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Crespo Cuaresma, J., Kubala, J., & Patrikova, K. (2016). Does income inequality affect aggregate consumption? Revisiting the evidence. Vienna University of Business and Economics , Vienna.
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Official URL: http://www.wu.ac.at/economics/forschung/wp/
Abstract
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.
| Item Type: | Other |
|---|---|
| Research Programs: | World Population (POP) |
| Bibliographic Reference: | WU Working Paper No. 210 |
| Depositing User: | Romeo Molina |
| Date Deposited: | 28 Nov 2016 10:35 |
| Last Modified: | 27 Aug 2021 17:41 |
| URI: | https://pure.iiasa.ac.at/13996 |
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