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Persistence of High Income Inequality and Banking Crises: 1980-2010

Giorgio Bellettini () and Flavio Delbono ()

No 4293, CESifo Working Paper Series from CESifo

Abstract: Differently from Atkinson and Morelli (2011) who detect no clear link between increases in income inequality and systemic banking crises, we show that a large majority of crises occurred between 1982 and 2008 have been preceded by persistently high levels of income inequality. Such association is robust when considering Gini values for incomes after-tax as well as before-tax and transfers. Moreover, we investigate the pattern of income inequality levels before and after a group of banking crises and the relative levels of income inequality in a large sample of OECD countries that did not experience banking crises between 1980 and 2010.

JEL-codes: E00 (search for similar items in EconPapers)
Date: 2013
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