Athreya, Kartik B.; Owens, Andrew; Schwartzman, Felipe Farah - In: Quantitative economics : QE ; journal of the … 8 (2017) 3, pp. 761-808
The aftermath of the recent recession has seen calls to use transfers to poorer households as a means to enhance aggregate economic activity. The goal of this paper is to study the effects of wealth redistribution from rich to poor households on consumption and output in the short run. We first...
