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	<title>Academic Articles &#187; ECONOMICS &#8212; Research</title>
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		<title>Body of evidence</title>
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		<pubDate>Tue, 30 Nov 1999 00:00:00 +0000</pubDate>
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				<category><![CDATA[Articles]]></category>
		<category><![CDATA[BUSINESS cycles]]></category>
		<category><![CDATA[DEBT]]></category>
		<category><![CDATA[ECONOMICS -- Research]]></category>
		<category><![CDATA[FINANCIAL crises]]></category>
		<category><![CDATA[INCOME distribution]]></category>
		<category><![CDATA[RESEARCH]]></category>

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		<description><![CDATA[The article considers economics research on the impact of income inequality on financial crises. Studies indicating that increased income inequality in the U.S. generated increased demand for debt leading to the housing bubble of the 2000s and subsequent global financial crisis are contrasted with research finding that it is cheap and widely available debt itself that causes crises, with income inequality not a factor.]]></description>
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