.... Originality/value This study is the first to investigate empirically whether rising levels of UK public and household debt benefit the wealthy and thus widen the gap between the “haves” and “have-nots”. Wealth inequality Top wealth shares Public debt Private debt ARDL Panel fixed effects Wealth...

... the results and, finally, the last section concludes the paper. Persistence Fractional integration Chebyshev polynomials Private debt The Great Leveraging (Taylor, 2014) was a period where fast growth of credit hand in hand with rapid house price growth was observed amongst many peripheral...

... on economic growth, ten years after the global financial crisis, are household debt, private debt, and non-performing loans for the banking sector, while for the equity market this is the case through savings. Interestingly, the results reveal that unemployment increase excessively the borrowers' debt level...