Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/145660
Authors: 
Sturm, Jan-Egbert
De Haan, Jakob
Year of Publication: 
2016
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2016: Demographischer Wandel - Session: Inequality B06-V2
Abstract: 
Using a panel fixed effects model for a large sample of countries, we examine how financial development, financial liberalization and banking crises are related to income inequality. Our results suggest that all finance variables increase income inequality. In addition, the impact of financial liberalization on inequality seems to be conditioned by the level of financial development. There is evidence that the quality of political institutions conditions the impact of finance on income inequality, in contrast to the quality of economic institutions. Our main finding is robust for using random effects, cross-country regressions and legal origin as instrument for financial development.
JEL: 
D31
F02
O11
Document Type: 
Conference Paper

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