The impact of financial development on income inequality: A quantile regression approach
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In: Economics Letters, Vol. 175, 02.2019, p. 51-56.
Research output: Contribution to journal › Article › peer-review
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TY - JOUR
T1 - The impact of financial development on income inequality
T2 - A quantile regression approach
AU - Altunbas, Yener
AU - Thornton, John
PY - 2019/2
Y1 - 2019/2
N2 - 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.
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.
KW - Income inequality
KW - Financial development
KW - Quantile regression
U2 - 10.1016/j.econlet.2018.12.030
DO - 10.1016/j.econlet.2018.12.030
M3 - Article
VL - 175
SP - 51
EP - 56
JO - Economics Letters
JF - Economics Letters
SN - 0165-1765
ER -