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
- Thema
-
income inequality
financial liberalization
financial sector size
financial crises
political institutions
- Ereignis
-
Geistige Schöpfung
- (wer)
-
de Haan, Jakob
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
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- de Haan, Jakob
- Sturm, Jan-Egbert
- ETH Zurich, KOF Swiss Economic Institute
Entstanden
- 2016
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