Income Inequalities, Public Debt And Social Cohesion: A Postkeynesian-Institutional Approach
Guglielmo Forges Davanzati
University of Salento, Department of Social Sciences
Please cite the paper as:
Guglielmo Forges Davanzati, (2018), Income Inequalities, Public Debt And Social Cohesion: A Postkeynesian-Institutional Approach, World Economics Association (WEA) Conferences, No. 2 2018, The 2008 Economic Crisis Ten Years On, 15th October to 30th November, 2018
This paper aims at discussing the links existing between the increasing income inequality on the global scale and the processes of financialization, with particular reference to the increase of public debt. It will be argued that i) the increase of income inequality reduces the rate of growth and contribute to the explosion of public debt; ii) the increase of public debt involves a redistribution of the fiscal burden at the expense of workers, thus fuelling income inequalities.