Cooperative banks and income inequality: Evidence from Italian provinces
Pierluigi Murro () and
Valentina Peruzzi ()
No 1804, Working Papers CASMEF from Dipartimento di Economia e Finanza, LUISS Guido Carli
The aim of this paper is to investigate whether different credit institutions, and in particular cooperative banks, have a different impact on the reduction of income inequalities. By analyzing Italian local credit markets, i.e. Italian provinces, over the period 2001-2011, we find that cooperative banks’ diffusion significantly reduces income inequality. This finding is robust to different measures of income inequality, different proxies of local banking structure (cooperative banks branches, popular banks branches, commercial banks branches), and different estimation techniques. When we study the channel of influence, we find that the diffusion of cooperative banks is particularly relevant for income distribution where loans to families and firms are larger, bank-firm relationships are tighter and the number of new firms over incumbent is larger.
Keywords: Cooperative banks; income inequality; financial development. (search for similar items in EconPapers)
JEL-codes: G21 G38 O15 (search for similar items in EconPapers)
Pages: 30 pages
New Economics Papers: this item is included in nep-ban, nep-cfn and nep-eur
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to economiaefinanza.luiss.it:443 (Bad file descriptor) (http://economiaefinanza.luiss.it/sites/economiaefinanza.luiss.it/files/1804.pdf [307 Temporary Redirect]--> https://economiaefinanza.luiss.it/sites/economiaefinanza.luiss.it/files/1804.pdf)
Working Paper: Cooperative banks and income inequality: Evidence from Italian provinces (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:lui:casmef:1804
Access Statistics for this paper
More papers in Working Papers CASMEF from Dipartimento di Economia e Finanza, LUISS Guido Carli Contact information at EDIRC.
Bibliographic data for series maintained by Pierluigi Murro ().