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dc.contributor.authorBertola, Giuseppeen_US
dc.contributor.authorKoeniger, Winfrieden_US
dc.date.accessioned2007-04-24en_US
dc.date.accessioned2009-07-24T13:48:10Z-
dc.date.available2009-07-24T13:48:10Z-
dc.date.issued2006en_US
dc.identifier.piurn:nbn:de:hebis:30-38088-
dc.identifier.urihttp://hdl.handle.net/10419/25500-
dc.description.abstractWe 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.en_US
dc.language.isoengen_US
dc.publisherCenter for Financial Studies Frankfurt, Mainen_US
dc.relation.ispartofseriesCFS Working Paper 2006/34en_US
dc.subject.jelE21en_US
dc.subject.ddc330en_US
dc.subject.keywordConsumptionen_US
dc.subject.keywordSmoothingen_US
dc.titleConsumption smoothing and liquidity income redistributionen_US
dc.typeWorking Paperen_US
dc.identifier.ppn527620122en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:cfswop:200634-
Appears in Collections:CFS Working Paper Series, Universität Frankfurt a. M.

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