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Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Skott, Peter | en |
dc.date.accessioned | 2011-11-11 | - |
dc.date.accessioned | 2012-09-25T07:18:13Z | - |
dc.date.available | 2012-09-25T07:18:13Z | - |
dc.date.issued | 2011 | - |
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 |
dc.language.iso | eng | en |
dc.publisher | |aUniversity of Massachusetts, Department of Economics |cAmherst, MA | en |
dc.relation.ispartofseries | |aWorking Paper |x2011-20 | en |
dc.subject.jel | E11 | en |
dc.subject.jel | E21 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | earnings inequality | en |
dc.subject.keyword | portfolio composition | en |
dc.subject.keyword | financial instability | en |
dc.title | Increasing inequality and financial instability | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 671999680 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:ums:papers:2011-20 | en |
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