| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13330 |
| DP13330 Financial structure and income inequality | |
| Michael Brei; Leonardo Gambacorta | |
| 发表日期 | 2018-11-20 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | This paper empirically investigates the link between financial structure and income inequality. Using data for a panel of 97 economies over the period 1989-2012, we find that the relationship is not monotonic. Up to a point, more finance reduces income inequality. Beyond that point, inequality rises if finance is expanded via market-based financing, while it does not when finance grows via bank lending. These findings concur with a well-established literature indicating that deeper financial systems help reduce poverty and inequality in developing countries, but also with recent evidence of rising inequality in various financially advanced economies. |
| 主题 | Financial Economics |
| 关键词 | Inequality Finance Banks Financial markets |
| URL | https://cepr.org/publications/dp13330 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542142 |
| 推荐引用方式 GB/T 7714 | Michael Brei,Leonardo Gambacorta. DP13330 Financial structure and income inequality. 2018. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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