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dc.contributor.authorBertola, Giuseppeen
dc.contributor.authorKoeniger, Winfrieden
dc.date.accessioned2007-04-24-
dc.date.accessioned2009-07-24T13:48:10Z-
dc.date.available2009-07-24T13:48:10Z-
dc.date.issued2006-
dc.identifier.piurn:nbn:de:hebis:30-38088en
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
dc.language.isoengen
dc.publisher|aGoethe University Frankfurt, Center for Financial Studies (CFS) |cFrankfurt a. M.en
dc.relation.ispartofseries|aCFS Working Paper |x2006/34en
dc.subject.jelE21en
dc.subject.ddc330en
dc.subject.keywordConsumptionen
dc.subject.keywordSmoothingen
dc.titleConsumption smoothing and liquidity income redistribution-
dc.typeWorking Paperen
dc.identifier.ppn527620122en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:cfswop:200634en

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