The impact of financial development on income inequality: A quantile regression approach

Yener Altunbas and John Thornton

Economics Letters, 2019, vol. 175, issue C, 51-56

Abstract: 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.

Keywords: Income inequality; Financial development; Quantile regression (search for similar items in EconPapers)
JEL-codes: D31 D63 F02 O11 O15 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (42)

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Working Paper: The impact of financial development on income inequality: a quantile regression approach (2019)
Working Paper: The impact of financial development on income inequality: a quantile regression approach (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:175:y:2019:i:c:p:51-56

DOI: 10.1016/j.econlet.2018.12.030

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