Small Group Project 2015-16
With Julia Gumy
This project examines the role of inequality for personal debt uptake in Europe. Up until the global economic crisis personal debt levels have soared in most Western countries. Similarly, these countries have experienced increases in income inequality (Giesecke & Verwiebe, 2009; Machin, 2003; OECD, 2008; Smeeding, 2005). It is now well documented that income inequality hinders economic growth (OECD, 2014), negatively affects health and accentuates social disadvantage (Wilkinson and Pickett, 2009). We argue that income inequality is also a driver of debt accumulation.
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Biographical details correct as of 14.09.26