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

Yener Altunbas and John Thornton

No 19002, Working Papers from Bangor Business School, Prifysgol Bangor University (Cymru / Wales)

Abstract: In a panel of 121 countries, financial development increases income inequality in high- and lower- income countries across inequality quantiles but promotes greater inequality in upper-middle-income countries. Financial development appears to impact financial inclusion for the poor and rich differently as a country’s income level changes.

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: 2019-02
New Economics Papers: this item is included in nep-cfn, nep-fdg and nep-fle
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Citations: View citations in EconPapers (43)

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Related works:
Journal Article: 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:bng:wpaper:19002

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