Effet du développement financier sur les inégalités de revenus au travers des investissements productifs et éducatifs

Florent Bresson ()

No 200409, Working Papers from CERDI

Abstract: Many authors have demonstrated that credit market imperfections lead to situations of permanent income inequalities. Depending on the authors, the channels of investment which are at the source of the income formation, differ; whereas some have chosen physical capital investment, the others have preferred human capital investment through education. Our goal was to shed light on the different effects of financial development through these two channels. Our results, based on data from 130 countries from 1960 to 1999, confirm their importance in determining the level of income inequalities but with effects varying with the level of income per capita. We find that, even if financial development globally contributes to the widening of income inequalities (increasingly with the level of income per capita), there is a narrowing effect through the diminution of educational inequalities.

Keywords: Financial Development; educational inequalities; income inequalities (search for similar items in EconPapers)
Date: 2004
View citations in EconPapers

Downloads: (external link)
http://publi.cerdi.org/ed/2004/2004.09.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:cdi:wpaper:558

Access Statistics for this paper

More papers in Working Papers from CERDI
Contact information at EDIRC.
Series data maintained by Vincent Mazenod ().