TY - UNPB
T1 - Does income inequality affect aggregate consumption? Revisiting the evidence
AU - Crespo Cuaresma, Jesus
AU - Kubala, Jozef
AU - Petrikova, Kristina
PY - 2016
Y1 - 2016
N2 - The standard Keynesian view predicts that equalization of the income distribution leads to an increase in aggregate consumption. We revisit the analysis carried out by the seminal empirical contributions which test such a hypothesis using modern econometric methods and the most comprehensive dataset existing on income distribution measures. Our results indicate that there is no substantive empirical evidence of an effect of income inequality on aggregate consumption. (authors' abstract)
AB - The standard Keynesian view predicts that equalization of the income distribution leads to an increase in aggregate consumption. We revisit the analysis carried out by the seminal empirical contributions which test such a hypothesis using modern econometric methods and the most comprehensive dataset existing on income distribution measures. Our results indicate that there is no substantive empirical evidence of an effect of income inequality on aggregate consumption. (authors' abstract)
UR - http://www.wu.ac.at/economics/forschung/wp/
U2 - 10.57938/66825e7f-10a5-42ec-b654-05e4fee639e0
DO - 10.57938/66825e7f-10a5-42ec-b654-05e4fee639e0
M3 - WU Working Paper and Case
T3 - Department of Economics Working Paper Series
BT - Does income inequality affect aggregate consumption? Revisiting the evidence
PB - WU Vienna University of Economics and Business
CY - Vienna
ER -