How Development and Liberalisation of the Financial Sector is Related to Income Inequality: Some New Evidence

Jakob de Haan and Jan-Egbert Sturm

No 1633, BAFFI CAREFIN Working Papers from BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy

Abstract: Bumann and Lensink (2016) suggest that the impact of financial liberalization on inequality is conditioned by financial development. Besides presenting a theoretical model that explains the underlying channels, they report empirical results in which capital account liberalisation (as a relatively narrow measure of financial liberalisation) only tends to lower income inequality if the level of financial depth is high enough.

Pages: 14 pages
Date: 2016
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Citations: View citations in EconPapers (4)

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