MSc Economics, University of Leeds
BSc Economics, SOAS, University of London
“The Statesman’s Yearbook” economic overview editor, Palgrave Macmillan
Research assistant, International History Department, London School of Economics and Political Science
Wealth of nations? An investigation into the determinants of wealth distribution in high-income countries and its impact on financial distress among households.
Wealth and income distribution, financial sectors, consumption theory, sociological economics
The thesis investigates the relationship between changes in financial intermediation since 1980s and the distribution of wealth in high-income countries. The main hypothesis is that innovation in financial products and deregulation of banking activity, combined with market liberalisation and privatisation policies since 1980s, generated disproportionate portfolio structures of households along the distribution. Differences in asset and liability composition translated into varied financial fragility of households, leading not only to a massive concentration of wealth at the top but also to unsustainable indebtedness at the middle and lower end of the distribution. This main research hypothesis is examined in a theoretical model of consumption and distribution as well as through an empirical analysis of household-level data from USA, UK, Germany, Italy and Spain.
LUBS2230 Mathematics for Business and Economics
LUBS1280 Mathematical Economics