?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=https%3A%2F%2Fpublications.ut-capitole.fr%2Fid%2Feprint%2F15217%2F&rft.title=Inequality%2C+tax+avoidance+and+financial+instability&rft.creator=Landier%2C+Augustin&rft.creator=Plantin%2C+Guillaume&rft.subject=B-+ECONOMIE+ET+FINANCE&rft.description=We+model+the+link+between+inequality%2C+lack+of+political+commitment%2C+and+ex-cessive+risk+taking.+If+politicians+cannot+commit+to+a+long-term+tax+schedule%2C%0D%0Aincreasing+returns+to+tax+avoidance+induce+the+middle+class+to+take+on+non+rewarded+%3Fnancial+risk+despite+risk+aversion.+Electoral+pressure+may+lead+an%0D%0Aincumbent+politician+to+endorse+this+excessive+risk+taking+if+income+inequal-ities+are+large.+By+increasing+the+scope+for+tax+avoidance%2C+globalization+of%0D%0Acapital+and+human+capital+markets+might+have+increased+%3Fnancial+fragility.&rft.publisher=TSE+Working+Paper&rft.date=2011-10&rft.type=Monograph&rft.type=NonPeerReviewed&rft.format=text&rft.language=en&rft.identifier=https%3A%2F%2Fpublications.ut-capitole.fr%2Fid%2Feprint%2F15217%2F1%2Fwp_tse_282.pdf&rft.identifier=++Landier%2C+Augustin+%3Chttps%3A%2F%2Fwww.idref.fr%2F11260207X%3E+and+Plantin%2C+Guillaume+%3Chttps%3A%2F%2Fwww.idref.fr%2F096180463%3E++(2011)+Inequality%2C+tax+avoidance+and+financial+instability.++TSE+Working+Paper%2C+n.+11-282+++++&rft.relation=http%3A%2F%2Ftse-fr.eu%2Fpub%2F25610&rft.language=en