Comment on "Household Debt in the Consumer Age: Source of Growth--Risk of Collapse" (by Barry Z. Cynamon and Steven M. Fazzari)

By George A. Akerlof. 2008

318 citations recorded by the source corpus.

Subfields: Accounting

View Paper: https://www.semanticscholar.org/paper/adb3b7ead36fa140375dec8cc3865e7379153fa2

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In Accounting

1. Özlem Onaran
2. Engelbert Stockhammer
3. J. Wisman

Citations in the corpus

• Wage stagnation, rising inequality and the financial crisis of 2008. (2013, background): “Adjusted for CPI inflation, whereas housing prices had risen at an average annual rate of one percent between1975 and 1997, they rose an average annual rate of six percent between 1997 and 2006 (Cynamon and Fazzari 2008: 23).”
• Inequality, the Great Recession, and Slow Recovery (2014, unknown): “Korty (2008) points out the likely role of unequal income growth in rising household debt.”
• Financialisation, income distribution and aggregate demand in the USA (2011, background): “Furthermore Cynamon and Fazzari (2008) and Brown (2008) discuss the role of changing social norms in explaining the unprecedented increase in consumption led by household debt.”