Arbeitspapier
Finance and income inequality: A review and new evidence
Using a panel fixed effects model for a sample of 121 countries covering 1975-2005, we examine how financial development, financial liberalization and banking crises are related to income inequality. In contrast with most previous work, our results suggest that all finance variables increase income inequality. The level of financial development conditions the impact of financial liberalization on inequality. Also the quality of political institutions conditions the impact of financial liberalization on income inequality, in contrast to the quality of economic institutions. Our main findings are robust for using random effects, cross]country regressions and legal origin as instrument for financial development.
- Sprache
-
Englisch
- Erschienen in
-
Series: KOF Working Papers ; No. 410
Klassifikation
Wirtschaft
Personal Income, Wealth, and Their Distributions
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
International Economic Order and Integration
Macroeconomic Analyses of Economic Development
Economic Development: Human Resources; Human Development; Income Distribution; Migration
Personal Income, Wealth, and Their Distributions
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
International Economic Order and Integration
Macroeconomic Analyses of Economic Development
Economic Development: Human Resources; Human Development; Income Distribution; Migration
Thema
income inequality
financial liberalization
financial sector size
financial crises
political institutions
financial liberalization
financial sector size
financial crises
political institutions
Ereignis
Geistige Schöpfung
(wer)
de Haan, Jakob
Sturm, Jan-Egbert
Sturm, Jan-Egbert
Ereignis
Veröffentlichung
(wer)
ETH Zurich, KOF Swiss Economic Institute
(wo)
Zurich
(wann)
2016
- DOI
-
doi:10.3929/ethz-a-010706109
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:25 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- de Haan, Jakob
- Sturm, Jan-Egbert
- ETH Zurich, KOF Swiss Economic Institute
Entstanden
- 2016
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