Empirical analysis of income gap, financial deepening, and crime rate

Yinglong Zheng, Yali Shi, Kun Chen and Yongqian Tu

Finance Research Letters, 2025, vol. 80, issue C

Abstract: This paper examines the correlation between the crime rate and the urban–rural income gap and analyzes the role of financial deepening as an intermediary factor. Empirical findings indicate that there is a positive correlation between the crime rate and the urban–rural income gap. That is, an increase in the income gap leads to a rise in crime frequency. Additionally, financial deepening serves as an intermediary in the relationship between the income gap and the crime rate. Specifically, a widening income gap elevates the level of financial deepening, which in turn contributes to an increase in the crime rate.

Keywords: Income gap; Financial deepening; Crime rate (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:80:y:2025:i:c:s154461232500683x

DOI: 10.1016/j.frl.2025.107423

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