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Abstract: Portuguese household debt increased above GDP between 2000 and 2007. This article uses conspicuous consumption to explain credit demand dynamics. The author develops an institutionalist framework and consider how… Click to show full abstract
Abstract: Portuguese household debt increased above GDP between 2000 and 2007. This article uses conspicuous consumption to explain credit demand dynamics. The author develops an institutionalist framework and consider how rapid high inequalities and increasing top income share favored conspicuous consumption and climbing household debt.
Keywords:
inequality crisis;
crisis conspicuous;
conspicuous consumption;
consumption missing;
missing link;
consumption
Journal Title: Journal of Economic Issues
Year Published: 2019
Link to full text (if available)
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Journal Title: Journal of Economic Issues
Year Published: 2019
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!