Financial Sector Transformation and Income Inequality-An Empirical Analysis

Hanna Szymborska

Financial Internet Quarterly (formerly e-Finanse), 2016, vol. 12, issue 2, 36-48

Abstract: This paper examines the relationship between financial sector transformation and income inequality. We construct an econometric model of income concentration for a panel of 16 OECD countries in the years 1995-2009. From our study, financial sector transformation, measured individually by three indicators (GDP share of stock market value traded, bank income and private credit), emerges as a nexus of complex and interconnected phenomena, which are strongly associated with the concentration of income at the top of the distribution.

Keywords: Financial Markets; Inequality; Fixed Effects Models (search for similar items in EconPapers)
Date: 2016
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Journal Article: FINANCIAL SECTOR T NSFORMATION AND INCOME INEQUALITY– AN EMPIRICAL ANALYSIS (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:finiqu:v:12:y:2016:i:2:p:36-48:n:1004

DOI: 10.1515/fiqf-2016-0142

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