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Income Inequality: Why It Matters and Why Most Economists Didn't Notice

Matthew P Drennan

Published in print:
2015
Published Online:
May 2016
ISBN:
9780300209587
eISBN:
9780300216349
Item type:
book
Publisher:
Yale University Press
DOI:
10.12987/yale/9780300209587.001.0001
Subject:
Political Science, Public Policy

This book tells two stories. First, it shows that rising income inequality played a major role in causing the financial crisis and Great Recession of 2008-2009. While others have argued that rising, ... More


Conclusion

Matthew P. Drennan

in Income Inequality: Why It Matters and Why Most Economists Didn't Notice

Published in print:
2015
Published Online:
May 2016
ISBN:
9780300209587
eISBN:
9780300216349
Item type:
chapter
Publisher:
Yale University Press
DOI:
10.12987/yale/9780300209587.003.0008
Subject:
Political Science, Public Policy

Rising income inequality has had deleterious effects upon household debt and saving. The overhang of debt and revived saving by households post 2007 will be a drag on economic expansion for some ... More


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