The response of household debt to income inequality shocks: a heterogeneous approach

Hyunjoon Lim

Applied Economics Letters, 2019, vol. 26, issue 8, 684-689

Abstract: This article explores the impact of changes in income inequality on household indebtedness using Pedroni's heterogeneous panel VAR. As a result, we find evidence in support of large cross-country heterogeneity in the responses of household leverage to income inequality shocks. We also find that such heterogeneity stems from differences in the strength of financial regulations and supervision.

Date: 2019
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DOI: 10.1080/13504851.2018.1489493

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