Finance and income inequality revisited

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  • 2019 Finance and income inequality revisited

    Accepted author manuscript, 445 KB, PDF document

    Embargo ends: 11/11/20

    Licence: CC BY-NC-ND Show licence


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.


  • Income inequality, Financial development, Financial institutions, Financial markets
Original languageEnglish
Article number101355
JournalFinance Research Letters
Early online date11 Nov 2019
Publication statusE-pub ahead of print - 11 Nov 2019
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