Arbeitspapier

Consumption smoothing and liquidity income redistribution

We show theoretically that income redistribution benefits borrowingconstrained individuals more than is implied by standard relative-income and uninsurable-risk considerations. Empirically, we find in international opinion-survey data that younger and lower-income individuals express stronger support for government redistribution in countries where consumer credit is less easily available. This evidence supports our theoretical perspective if such individuals are more strongly affected by tighter credit supply, in that expectations of higher incomes in the future increase their propensity to borrow.

Sprache
Englisch

Erschienen in
Series: CFS Working Paper ; No. 2006/34

Klassifikation
Wirtschaft
Macroeconomics: Consumption; Saving; Wealth
Thema
Consumption
Smoothing

Ereignis
Geistige Schöpfung
(wer)
Bertola, Giuseppe
Koeniger, Winfried
Ereignis
Veröffentlichung
(wer)
Goethe University Frankfurt, Center for Financial Studies (CFS)
(wo)
Frankfurt a. M.
(wann)
2006

Handle
URN
urn:nbn:de:hebis:30-38088
Letzte Aktualisierung
20.09.2024, 08:22 MESZ

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.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Bertola, Giuseppe
  • Koeniger, Winfried
  • Goethe University Frankfurt, Center for Financial Studies (CFS)

Entstanden

  • 2006

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