Finance and income inequality : test of alternative theories (English)

Although theoretical models make distinct predictions about the relationship between financial sector development and income inequality, little empirical research has been conducted to compare their relative explanatory power. The authors examine the relation between financial intermediary development and income inequality in a panel data set of 91 countries for the period 1960-95. Their results provide evidence that inequality decreases as economies...

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Author

Clarke, George;

Xu, Lixin Colin;

Zou,Heng-Fu;
Document Date
2003/03/31
Document Type
Policy Research Working Paper
Report Number
WPS2984
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2010/07/01
Doc Name
Finance and income inequality : test of alternative theories
Keywords
income inequality

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Citation

Clarke, George; Xu, Lixin Colin; Zou,Heng-Fu.

Finance and income inequality : test of alternative theories (English). Policy, Research working paper series ; no. WPS 2984 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/892521468762914086

Finance and income inequality : test of alternative theories (English)

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