Published in:Columbia Business School Research Paper ; No. 16-29
Extent:
1 Online-Ressource (28 p)
Language:
English
DOI:
10.2139/ssrn.2766301
Identifier:
Origination:
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 18, 2016 erstellt
Description:
That of the multiplier is a largely debated issue. Several studies propose estimates for it. This paper answers the question of how inequality affects the value of the multiplier. The proposed formulation is analytically derived from the Lorenz curve of income by means of Zanardi asymmetry index. Since the relationship between inequality and multiplier is found to be negative, it can be argued that greater inequality has depressive effects on GDP