RT Monograph
SR 00
A1 Landier, Augustin
A1 Plantin, Guillaume
T1 Inequality, tax avoidance and financial instability
YR 2011
FD 2011-10
VO 11-282
AB We model the link between inequality, lack of political commitment, and ex-cessive risk taking. If politicians cannot commit to a long-term tax schedule,  increasing returns to tax avoidance induce the middle class to take on non rewarded ?nancial risk despite risk aversion. Electoral pressure may lead an  incumbent politician to endorse this excessive risk taking if income inequal-ities are large. By increasing the scope for tax avoidance, globalization of  capital and human capital markets might have increased ?nancial fragility.
T2 TSE Working Paper
PB TSE Working Paper
AV Published
LK https://publications.ut-capitole.fr/id/eprint/15217/
UL http://tse-fr.eu/pub/25610