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Time: 9.30am - 5.40pm
Venue: Room JG3003, John Galsworthy building, Penrhyn Road campus, Penrhyn Road, Kingston upon Thames, Surrey KT1 2EE
Two novel features characterise economic performance in last decades: rising debt and rising inequality.
Growth has been associated with rising debt. Household debt in particular has been rising fast and before the crisis private consumption expenditures have been the main source of demand growth in the US and the UK, but also in southern European countries.
At the same time inequality has increased to levels unseen in two generations. The superrich, the famous 1% are taking off and wage shares have been falling.
What has been the driving force behind this? What has been the role of property prices in the process? How do rising debt levels impact upon household behaviour? What are the implications of rising debt for growth and stability? What, if any, is the link between debt and inequality? Has rising inequality contributed to increasing instability?
These are some of the questions the workshop will discuss and aim to shed some light on.
The workshop is supported by the INET project Rising inequality as a structural cause of the financial and economic crisis.
Booking is essential to attend this event.
For further information about this event:
Contact: Engelbert Stockhammer
Directions to Room JG3003, John Galsworthy building, Penrhyn Road campus, Penrhyn Road, Kingston upon Thames, Surrey KT1 2EE: