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Working Papers, Department of Economics, University of Massachusetts >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/64181
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Skott, Peter | | en_US |
| dc.date.accessioned | | 2011-11-11 | | en_US |
| dc.date.accessioned | | 2012-09-25T07:18:13Z | | - |
| dc.date.available | | 2012-09-25T07:18:13Z | | - |
| dc.date.issued | | 2011 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/64181 | | - |
| dc.description.abstract | | 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. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Univ. of Massachusetts, Dep. of Economics Amherst, Mass. | | en_US |
| dc.relation.ispartofseries | | Working Paper, University of Massachusetts, Department of Economics 2011-20 | | en_US |
| dc.subject.jel | | E11 | | en_US |
| dc.subject.jel | | E21 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | earnings inequality | | en_US |
| dc.subject.keyword | | portfolio composition | | en_US |
| dc.subject.keyword | | financial instability | | en_US |
| dc.title | | Increasing inequality and financial instability | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 671999680 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Working Papers, Department of Economics, University of Massachusetts
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