TY  - UNPD
A1  - Bertola, Giuseppe
A1  - Koeniger, Winfried
T1  - Consumption smoothing and liquidity income redistribution
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2006,34
N2  - We show theoretically that income redistribution benefits borrowingconstrained 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. JEL Classification: E21
T3  - CFS working paper series - 2006, 34 
KW  - Consumption
KW  - Smoothing
KW  - Einkommen
KW  - Konsumentenkredit
Y1  - 2006
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/1615
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30-38088
IS  - November 2006
ER  -