Finance and income inequality revisited

Yener Altunbas and John Thornton

Finance Research Letters, 2020, vol. 37, issue C

Abstract: 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.

Keywords: Income inequality; Financial development; Financial institutions; Financial markets; Panel regression (search for similar items in EconPapers)
JEL-codes: D31 D63 F02 O11 O15 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (14)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:37:y:2020:i:c:s1544612318309437

DOI: 10.1016/j.frl.2019.101355

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