Finance and income inequality revisited
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- 2019 Finance and income inequality revisited
Accepted author manuscript, 445 KB, PDF document
Licence: CC BY-NC-ND Show licence
DOI
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.
Keywords
- Income inequality, Financial development, Financial institutions, Financial markets
| Original language | English |
|---|---|
| Article number | 101355 |
| Journal | Finance Research Letters |
| Volume | 37 |
| Early online date | 11 Nov 2019 |
| DOIs | |
| Publication status | Published - Nov 2020 |
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