%0 Journal Article %T Unequal = Indebted %+ International Monetary Fund (IMF) %+ Paris-Jourdan Sciences Economiques (PSE) %+ Paris School of Economics (PSE) %A Kumhof, Michael %A Rancière, Romain %< avec comité de lecture %J Finance & Development %P 25-27 %8 2011-09 %D 2011 %Z Humanities and Social Sciences/Economics and FinanceJournal articles %X 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 %G English %L halshs-00754519 %U https://pjse.hal.science/halshs-00754519 %~ SHS %~ UNIV-PARIS1 %~ ENS-PARIS %~ ENPC %~ PJSE %~ PSE %~ CNRS %~ EHESS %~ INRA %~ AO-ECONOMIE %~ PARISTECH %~ PSL %~ AGREENIUM %~ INRAE %~ PSE-POST-PRINT %~ ENS-PSL %~ EHESS-PSL