EconPapers    
Economics at your fingertips  
 

The Impact of Country Risk on Income Inequality: A Multilevel Analysis

Chi-Chuan Lee and Chien-Chiang Lee ()
Additional contact information
Chi-Chuan Lee: Beijing Normal University Zhuhai

Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, 2018, vol. 136, issue 1, 139-162

Abstract: Abstract This paper investigates the influence of country risks, including economic, financial, and political risks, on income inequality for a broad sample of 110 countries. Our empirical results reveal that higher economic and political risks generally lead to higher inequality. Lower income country appears to have higher income inequality. Furthermore, with the consideration of the non-monotonic effect of country risk, the improvement of income distribution is only sustainable dynamically after a certain threshold level of country risk has been brought down. Policymakers should improve the level of country stability by exploring the benefits of country risk reduction in order to improve income distribution.

Keywords: Economic risk; Financial risk; Political risk; Income inequality; Panel data (search for similar items in EconPapers)
JEL-codes: C33 G28 O15 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s11205-016-1534-8 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

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: https://EconPapers.repec.org/RePEc:spr:soinre:v:136:y:2018:i:1:d:10.1007_s11205-016-1534-8

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/11135

Access Statistics for this article

Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement is currently edited by Filomena Maggino

More articles in Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement from Springer
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2020-01-05
Handle: RePEc:spr:soinre:v:136:y:2018:i:1:d:10.1007_s11205-016-1534-8