Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/223078
Authors: 
Jestl, Stefan
Year of Publication: 
2019
Series/Report no.: 
wiiw Working Paper No. 173
Abstract: 
This paper examines the impact of income inequality on consumption-related household indebtedness at the household level. Using the first wave of the Eurosystem Household Finance and Consumption Survey data, the analysis sheds light on heterogeneous effects across euro area countries. The results suggest a positive impact of income inequality on consumption-related household indebtedness in a small sample of countries. We further employ a multilevel regression model to also take country's macroeconomic characteristics into account, such as credit market and welfare state design. In this setting, we find an overall positive impact of income inequality on consumption-related household indebtedness.
Subjects: 
Income Inequality
Keeping Up With The Joneses
Household Indebtedness
Euro Area
JEL: 
D12
D14
D31
Document Type: 
Working Paper

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