Finance and income inequality revisited

Yener Altunbas; John Thornton

doi:10.1016/j.frl.2019.101355

Finance and income inequality revisited

The Albert Gubay Business School

Research output: Contribution to journal › Article › peer-review

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Abstract

In a panel of 121 developed and developing economies, financial development promotes income equality in upper-middle income countries and inequality in low- and high-income countries. Finance impacts on income inequality through both the financial institutions and financial markets channels, though the impact of the financial institutions channel is relatively larger.

Original language	English
Article number	101355
Journal	Finance Research Letters
Volume	37
Early online date	11 Nov 2019
DOIs	https://doi.org/10.1016/j.frl.2019.101355
Publication status	Published - Nov 2020

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 10 Reduced Inequalities

Keywords

Income inequality
Financial development
Financial institutions
Financial markets

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10.1016/j.frl.2019.101355

2019 Finance and income inequality revisitedAccepted author manuscript, 445 KBLicence: CC BY-NC-ND

Cite this

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title = "Finance and income inequality revisited",

abstract = "In a panel of 121 developed and developing economies, financial development promotes income equality in upper-middle income countries and inequality in low- and high-income countries. Finance impacts on income inequality through both the financial institutions and financial markets channels, though the impact of the financial institutions channel is relatively larger. ",

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KW - Financial development

KW - Financial institutions

KW - Financial markets

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DO - 10.1016/j.frl.2019.101355

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ER -

Finance and income inequality revisited

Abstract

UN SDGs

Keywords

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