This paper critically reviews the literature on finance and inequality, highlighting substantive gaps in the literature. Finance plays a crucial role in most theories of persistent inequality. Unsurprisingly, therefore, economic theory provides a rich set of predictions concerning both the impact of finance on inequality and about the relevant mechanisms. Although subject to ample qualifications, the bulk of empirical research suggests that improvements...
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2009/06/01
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Documento de trabalho sobre pesquisa de políticas
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WPS4967
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1
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1
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2010/07/01
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Disclosed
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Finance and inequality : theory and evidence
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demand for low-skilled workers
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