Finance and Income Inequality Revisited

Altunbas, Yener and Thornton, John (2019) Finance and Income Inequality Revisited. Finance Research Letters. ISSN 1544-6123

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Abstract

In a panel of 121 developed and developing economies, financial development promotes income equality in upper-middle income countries and inequality in low- and high-income countries. Finance impacts on income inequality through both the financial institutions and financial markets channels, though the impact of the financial institutions channel is relatively larger.

Item Type: Article
Uncontrolled Keywords: income inequality,financial development,financial institutions,financial markets,panel regression
Faculty \ School: Faculty of Social Sciences > Norwich Business School
Depositing User: LivePure Connector
Date Deposited: 13 Nov 2019 09:30
Last Modified: 11 Jun 2020 01:19
URI: https://ueaeprints.uea.ac.uk/id/eprint/72948
DOI: 10.1016/j.frl.2019.101355

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