Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/64181 
Kompletter Metadatensatz
DublinCore-FeldWertSprache
dc.contributor.authorSkott, Peteren
dc.date.accessioned2011-11-11-
dc.date.accessioned2012-09-25T07:18:13Z-
dc.date.available2012-09-25T07:18:13Z-
dc.date.issued2011-
dc.identifier.urihttp://hdl.handle.net/10419/64181-
dc.description.abstractRising 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
dc.language.isoengen
dc.publisher|aUniversity of Massachusetts, Department of Economics |cAmherst, MAen
dc.relation.ispartofseries|aWorking Paper |x2011-20en
dc.subject.jelE11en
dc.subject.jelE21en
dc.subject.ddc330en
dc.subject.keywordearnings inequalityen
dc.subject.keywordportfolio compositionen
dc.subject.keywordfinancial instabilityen
dc.titleIncreasing inequality and financial instability-
dc.typeWorking Paperen
dc.identifier.ppn671999680en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:ums:papers:2011-20en

Datei(en):
Datei
Größe
232.42 kB





Publikationen in EconStor sind urheberrechtlich geschützt.