Unequal = Indebted - Paris-Jourdan Sciences Économiques Access content directly
Journal Articles Finance & Development Year : 2011

Unequal = Indebted


In current research we therefore extend the work reported in "Leveraging Inequality" (F&D, December 2010), which dealt with only the United States, to include an open-economy dimension. We find (see Chart 1) that what unites the experiences of the main deficit countries is a steep increase in income inequality over recent decades, as measured by the share of income going to the richest 5 percent of the country's income distribution
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halshs-00754519 , version 1 (20-11-2012)


  • HAL Id : halshs-00754519 , version 1


Michael Kumhof, Romain Rancière. Unequal = Indebted. Finance & Development, 2011, pp.25-27. ⟨halshs-00754519⟩
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