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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP16798 |
DP16798 The Real Effects of Banking the Poor: Evidence from Brazil | |
Julia Fonseca; Adrien Matray | |
发表日期 | 2021-12-09 |
出版年 | 2021 |
语种 | 英语 |
摘要 | We use a large expansion of government-owned banks in cities with extremely low bank branch coverage and data on the universe of formal-sector employees in Brazil over 2000-2014 to study how financial development affects economic development and wage inequality. We find that higher financial development fosters firm creation and firm expansion, which increases labor demand and leads to higher average wages, especially for cities initially located in banking deserts. The gains produced by higher financial development are not shared equally, but instead monotonically increase with workers’ productivity, which leads to a substantial increase in inequality. This increase is concentrated in cities where the initial supply of skilled workers is low, showing that talent scarcity is an important driver of how financial development affects inequality. |
主题 | Development Economics ; Financial Economics |
URL | https://cepr.org/publications/dp16798 |
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/545729 |
推荐引用方式 GB/T 7714 | Julia Fonseca,Adrien Matray. DP16798 The Real Effects of Banking the Poor: Evidence from Brazil. 2021. |
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