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
EISSN: 1879-1751
Discipline: Business
Online Access: available in Bonn?
Database: CrossRef
Gale General OneFile (A&I only)
Academic OneFile (A&I only)
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