Author(s): Jocelyn Jie Wang
This article explores the impact of credit shocks on consumption inequality among different social groups. By analyzing recent empirical data and theoretical frameworks, it highlights how credit disruptions exacerbate consumption disparities and the mechanisms through which social groups attempt to smooth out these shocks. The findings reveal significant disparities in how various groups experience and mitigate the effects of credit shocks, underscoring the importance of tailored policy interventions to address consumption inequality and enhance economic stability.
The Journal of International Social Research received 8982 citations as per Google Scholar report
