Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/154213 
Erscheinungsjahr: 
2015
Schriftenreihe/Nr.: 
ECB Working Paper No. 1780
Verlag: 
European Central Bank (ECB), Frankfurt a. M.
Zusammenfassung: 
We explore the relationship between financial reforms and income inequality using a panel of 29 countries over 1975-2005. We extend panel unit root tests to allow for the presence of some financial-reform covariates and further suggest an associated but novel, semi-parametric approach. Results demonstrate that although both gross and net Gini indices follow a unit root process, this picture can change when financial reform indices are accounted for. In particular, whilst gross Gini coefficients are generally not stabilized by financial reforms, net measures are (more likely to be). Thus financial reforms enacted in the presence of a strong safety net would seem preferable.
Schlagwörter: 
financial reform
fractional integration
Gini coefficient
Inequality
panel
unit root
JEL: 
C01
C12
D63
G15
ISBN: 
978-92-899-1593-9
Dokumentart: 
Working Paper

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