Do rising top incomes fuel credit expansion?
dc.rights.license | open | en_US |
hal.structure.identifier | Laboratoire d'analyse et de recherche en économie et finance internationales [Larefi] | |
dc.contributor.author | LEROY, Aurelien
IDREF: 197655467 | |
hal.structure.identifier | Laboratoire d'analyse et de recherche en économie et finance internationales [Larefi] | |
dc.contributor.author | EL HERRADI, Mehdi | |
dc.date.accessioned | 2022-01-11T10:38:08Z | |
dc.date.available | 2022-01-11T10:38:08Z | |
dc.date.issued | 2020-11-01 | |
dc.identifier.issn | 0165-1765 | en_US |
dc.identifier.uri | oai:crossref.org:10.1016/j.econlet.2020.109539 | |
dc.identifier.uri | https://oskar-bordeaux.fr/handle/20.500.12278/124354 | |
dc.description.abstractEn | This paper provides an empirical assessment of the effect of income inequality on credit dynamics in 12 advanced economies over the period 1948–2015. We use foreign Communist influence as an instrument to identify exogenous variation in inequality and estimate the dynamic effect of a top income shock on credit over GDP. The results suggest that the evolution of top incomes has persistent effects on credit expansion, especially for mortgage and business loans. | |
dc.language.iso | EN | en_US |
dc.source | crossref | |
dc.subject.en | Credit | |
dc.subject.en | Finance | |
dc.subject.en | Income inequality | |
dc.subject.en | Top income shares | |
dc.title.en | Do rising top incomes fuel credit expansion? | |
dc.type | Article de revue | en_US |
dc.identifier.doi | 10.1016/j.econlet.2020.109539 | en_US |
dc.subject.hal | Économie et finance quantitative [q-fin] | en_US |
dc.subject.jel | D - Microeconomics::D3 - Distribution::D31 - Personal Income, Wealth, and Their Distributions | en_US |
dc.subject.jel | E - Macroeconomics and Monetary Economics::E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy::E25 - Aggregate Factor Income Distribution | en_US |
dc.subject.jel | E - Macroeconomics and Monetary Economics::E4 - Money and Interest Rates::E44 - Financial Markets and the Macroeconomy | en_US |
bordeaux.journal | Economics Letters | en_US |
bordeaux.page | 109539 | en_US |
bordeaux.volume | 196 | en_US |
bordeaux.hal.laboratories | Laboratoire d'analyse et de recherche en économie et finance internationales (LAREFI) - EA2954 | en_US |
bordeaux.issue | 109539 | en_US |
bordeaux.institution | Université de Bordeaux | en_US |
bordeaux.peerReviewed | oui | en_US |
bordeaux.inpress | non | en_US |
bordeaux.import.source | dissemin | |
hal.export | false | |
workflow.import.source | dissemin | |
dc.rights.cc | Pas de Licence CC | en_US |
bordeaux.COinS | ctx_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.jtitle=Economics%20Letters&rft.date=2020-11-01&rft.volume=196&rft.issue=109539&rft.spage=109539&rft.epage=109539&rft.eissn=0165-1765&rft.issn=0165-1765&rft.au=LEROY,%20Aurelien&EL%20HERRADI,%20Mehdi&rft.genre=article |
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