Arbeitspapier
Increasing inequality and financial instability
Rising inequality affects the composition of asset demands as well as aggregate demand. The poor have few financial assets and their portfolio is skewed towards fixed-income assets. The rich, by contrast, hold a large proportion of their wealth in stocks. Thus, an increase in inequality tends to raise the demand for stocks. This generates capital gains, and these gains can fuel a bubble, as desired portfolios shift further towards stocks.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2011-20
- Klassifikation
-
Wirtschaft
General Aggregative Models: Marxian; Sraffian; Kaleckian
Macroeconomics: Consumption; Saving; Wealth
- Thema
-
earnings inequality
portfolio composition
financial instability
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Skott, Peter
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Massachusetts, Department of Economics
- (wo)
-
Amherst, MA
- (wann)
-
2011
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Skott, Peter
- University of Massachusetts, Department of Economics
Entstanden
- 2011
Ähnliche Objekte (12)
Poverty, inequality and macroeconomic instability
Ages of financial instability
Causes of financial instability
The Financial Instability Hypothesis
Monetary Policy, Inequality and Political Instability
Financial Keynesianism and market instability
Financial instability and economic activity
Managing Financial Instability and Shocks
Is increasing inequality harmful? Experimental evidence
Industries, Mega Firms, and Increasing Inequality
Inequality and financial fragility
Financial globalisation uncertainty/instability is good for financial development
Poverty, inequality and macroeconomic instability
Ages of financial instability
Causes of financial instability
The Financial Instability Hypothesis
Monetary Policy, Inequality and Political Instability
Financial Keynesianism and market instability
Financial instability and economic activity
Managing Financial Instability and Shocks
Is increasing inequality harmful? Experimental evidence
Industries, Mega Firms, and Increasing Inequality
Inequality and financial fragility
Financial globalisation uncertainty/instability is good for financial development
Poverty, inequality and macroeconomic instability
Ages of financial instability
Causes of financial instability
The Financial Instability Hypothesis
Monetary Policy, Inequality and Political Instability
Financial Keynesianism and market instability
Financial instability and economic activity
Managing Financial Instability and Shocks
Is increasing inequality harmful? Experimental evidence
Industries, Mega Firms, and Increasing Inequality
Inequality and financial fragility