The impact of financial development on income inequality: A quantile regression approach

Yener Altunbas; John Thornton

doi:10.1016/j.econlet.2018.12.030

The impact of financial development on income inequality: A quantile regression approach

The Albert Gubay Business School

Office of Technical Assistance, US Department of the Treasury

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

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Abstract

In a panel of 121 countries, the impact of financial development on income inequality appears to change with a country's level of income. It promotes equality across inequality quantiles in upper-middle income countries, and it promotes inequality across inequality quantiles in low- and high-income countries.

Original language	English
Pages (from-to)	51-56
Journal	Economics Letters
Volume	175
Early online date	23 Dec 2018
DOIs	https://doi.org/10.1016/j.econlet.2018.12.030
Publication status	Published - Feb 2019

Keywords

Income inequality
Financial development
Quantile regression

UN SDGs

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

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10.1016/j.econlet.2018.12.030

2018 Impact Altunbas_ThorntonAccepted author manuscript, 472 KBLicence: CC BY-NC-ND

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title = "The impact of financial development on income inequality: A quantile regression approach",

abstract = "In a panel of 121 countries, the impact of financial development on income inequality appears to change with a country's level of income. It promotes equality across inequality quantiles in upper-middle income countries, and it promotes inequality across inequality quantiles in low- and high-income countries. ",

keywords = "Income inequality, Financial development, Quantile regression",

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AB - In a panel of 121 countries, the impact of financial development on income inequality appears to change with a country's level of income. It promotes equality across inequality quantiles in upper-middle income countries, and it promotes inequality across inequality quantiles in low- and high-income countries.

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KW - Financial development

KW - Quantile regression

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DO - 10.1016/j.econlet.2018.12.030

M3 - Article

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VL - 175

SP - 51

EP - 56

JO - Economics Letters

JF - Economics Letters

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The impact of financial development on income inequality: A quantile regression approach

Abstract

Keywords

UN SDGs

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