Higher interest rates reduce the top one per cent’s share of the national income
El Herradi, M. & Leroy, A.
(2 October 2020)
Higher interest rates reduce the top one per cent’s share of the national income.
LSE Business Review.
But income inequality increases, because high-salary workers immediately below the 1% gain, while people at the bottom lose, write Mehdi El Herradi and Aurélien Leroy
| Item Type | Blog post |
|---|---|
| Copyright holders | © 2020 The Author(s) |
| Departments | LSE |
| Date Deposited | 11 Nov 2020 |
| URI | https://researchonline.lse.ac.uk/id/eprint/107233 |