Trickle-down consumption, financial deregulation, inequality, and indebtedness

•We document a systematic variation in borrowing rates across the income distribution.•We present a model of relative consumption consistent with this variation.•Our model traces this variation in borrowing back to changes in income inequality.•Our analysis suggests that financial development may de...

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Bibliographic details
Volume:	134
Main Author:	Alvarez-Cuadrado, Francisco Japaridze, Irakli
Format:	Journal Article
Language:	English
Zielgruppe:	Academic
Place of publication:	Elsevier B.V 01.02.2017
published in:	Journal of economic behavior & organization Vol. 134; pp. 1 - 26
Data of publication:	February 2017
ISSN:	0167-2681 1879-1751
EISSN:	1879-1751
Discipline:	Business
Subjects:	Credit constraints Indebtness Relative consumption Inequality Income distribution Deregulation Equality Analysis Credit constraints Indebtness Relative consumption Inequality
Online Access:	available in Bonn?
Database:	CrossRef Gale General OneFile (A&I only) Academic OneFile (A&I only) Database information Databases - DBIS