Finance and income inequality revisited
Research output: Contribution to journal › Article › peer-review
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In: Finance Research Letters, Vol. 37, 101355, 11.2020.
Research output: Contribution to journal › Article › peer-review
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TY - JOUR
T1 - Finance and income inequality revisited
AU - Altunbas, Yener
AU - Thornton, John
PY - 2020/11
Y1 - 2020/11
N2 - 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.
AB - 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.
KW - Income inequality
KW - Financial development
KW - Financial institutions
KW - Financial markets
U2 - 10.1016/j.frl.2019.101355
DO - 10.1016/j.frl.2019.101355
M3 - Article
VL - 37
JO - Finance Research Letters
JF - Finance Research Letters
SN - 1544-6123
M1 - 101355
ER -