Levarging inequality

Michael Kumhof and Romain Ranciere

Post-Print from HAL

Abstract: The United States experienced two major economic crises over the past 100 years-the Great Depression of 1929 and the Great Recession of 2007. Income inequality may have played a role in the origins of both income inequality may have played a role in the origins of both. We say this because there are two remarkable similarities between the eras preceding these crises: a sharp increase in income inequality and a sharp increase in household debt-to-income ratios.

Date: 2010-12
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Published in Finance & Development, 2010, pp.28-31

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00754409

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().