Does income inequality affect aggregate consumption? Revisiting the evidence

被引：0
|
作者：
Jesus Crespo Cuaresma
Jozef Kubala
Kristina Petrikova
机构：
[1] Vienna University of Economics and Business,
[2] Wittgenstein Center for Demography and Global Human Capital (IIASA,undefined
[3] VID/OEAW,undefined
[4] WU),undefined
[5] International Institute of Applied Systems Analysis (IIASA),undefined
[6] Austrian Institute of Economic Research (WIFO),undefined
[7] University of Economics in Bratislava,undefined
来源：
Empirical Economics | 2018年 / 55卷
关键词：
Inequality; Aggregate consumption; Average propensity to consume; E22; D31;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
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 empirical evidence of a negative effect of income inequality on aggregate consumption.
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页码：905 / 912
页数：7
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