Consumption smoothing and income redistribution
European Economic Review, ISSN: 0014-2921, Vol: 51, Issue: 8, Page: 1941-1958
2007
- 15Citations
- 31Captures
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Example: if you select the 1-year option for an article published in 2019 and a metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019. If you select the 3-year option for the same article published in 2019 and the metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019, 2018 and 2017.
Citation Benchmarking is provided by Scopus and SciVal and is different from the metrics context provided by PlumX Metrics.
Article Description
We show theoretically that income redistribution benefits borrowing-constrained individuals more than is implied by standard relative-income and uninsurable-risk considerations. Empirically, we find in international opinion-survey data that younger and lower-income individuals express stronger support for government redistribution in countries where consumer credit is less easily available. This evidence supports our theoretical perspective if such individuals are more strongly affected by tighter credit supply, in that expectations of higher incomes in the future increase their propensity to borrow.
Bibliographic Details
http://www.sciencedirect.com/science/article/pii/S0014292107000128; http://dx.doi.org/10.1016/j.euroecorev.2007.01.002; http://www.scopus.com/inward/record.url?partnerID=HzOxMe3b&scp=35848968492&origin=inward; https://linkinghub.elsevier.com/retrieve/pii/S0014292107000128; https://dx.doi.org/10.1016/j.euroecorev.2007.01.002
Elsevier BV
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