Business cycles
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By generating persistent movements in wealth and income inequality in an economy where rich and poor hold very different portfolios of assets, this research shows that business cycles play an important role in the evolution of inequality over long historical periods.
Source:
https://cepr.org/active/publications/discussion_papers/dp.php?dpno=14364
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View allBy generating persistent movements in wealth and income inequality in an economy where rich and poor hold very different portfolios of assets, this research shows that business cycles play an important role in the evolution of inequality over long historical periods.