Consumption smoothing and income redistribution

被引：11

作者：

Bertola, Giuseppe ^{[1
]}

Koeniger, Winfried ^{[2
]}

机构：

[1] Univ Turin, Dipartimento Economia, I-10124 Turin, Italy

[2] IZA, Bonn, Germany

来源：

EUROPEAN ECONOMIC REVIEW | 2007年 / 51卷 / 08期

关键词：

consumer credit; redistribution; borrowing constraints;

D O I：

10.1016/j.euroecorev.2007.01.002

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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. (c) 2007 Elsevier B.V. All rights reserved.

引用

页码：1941 / 1958

页数：18

共 18 条

[1] Efficient unemployment insurance [J].