Finance and Income Inequality : Test of Alternative Theories

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 t...

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Bibliographic Details
Main Authors:	Clarke, George, Xu, Lixin Colin, Zou, Heng-fu
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	FINANCIAL SECTOR REFORM INCOME INEQUALITIES FINANCIAL INTERMEDIATION GINI COEFFICIENT AGGREGATE INCOME AGRICULTURE ALP ASSETS BUSINESS CYCLE CAPITAL MARKET CENTRAL BANKS DATA SET DEPENDENT VARIABLE DESCRIPTIVE STATISTICS DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT INDICATORS DISTRIBUTION OF WEALTH ECONOMETRICS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC POLICY ECONOMIC REVIEW ECONOMIC STRUCTURE ECONOMIC STUDIES ECONOMISTS EMPIRICAL ANALYSIS EMPIRICAL LITERATURE EMPIRICAL MODEL EMPIRICAL RESULTS EMPIRICAL STUDIES EXOGENOUS CHANGES EXPLANATORY POWER EXPLOITATION FINANCIAL DEPTH FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTORS FIXED COSTS FUNCTIONAL FORM FUTURE RESEARCH GDP GDP PER CAPITA GINI COEFFICIENT GROWTH GROWTH LITERATURE HOUSEHOLD SURVEYS HUMAN CAPITAL INCOME INCOME DIFFERENCES INCOME DISTRIBUTION INCOME GROUPS INCOME INEQUALITY INCOME INEQUALITY DATA INCOME LEVEL INCOME LEVELS INCOME QUINTILES INFLATION INFLATION RATE INVESTMENT CLIMATE LESS DEVELOPED COUNTRIES LINEAR LINEAR RELATIONSHIP LONG-RUN GROWTH MACROECONOMICS MARKET CAPITALIZATION MARKET IMPERFECTIONS MEASUREMENT ERROR MEASURING INCOME INEQUALITY MIDDLE CLASS MONETARY ECONOMICS NATURAL LOG NEGATIVE COEFFICIENT NEGATIVE RELATIONSHIP 0 HYPOTHESIS PER CAPITA INCOME POLICY POLICY MAKERS POLICY OPTIONS POLICY REFORM POLICY RESEARCH POLITICAL ECONOMY POSITIVE COEFFICIENT POSITIVE EFFECTS POSITIVE IMPACT PRIVATE SECTOR PROPERTY RIGHTS PUBLIC GOODS RANDOM EFFECTS RELATIONSHIP RISK MANAGEMENT SIGNIFICANT NEGATIVE THEORETICAL MODELS UNEMPLOYMENT VALUE ADDED WAGES AGGREGATE INCOME
Online Access:	http://documents.worldbank.org/curated/en/2003/03/2224552/finance-income-inequality-test-alternative-theories http://hdl.handle.net/10986/18276

Internet

http://documents.worldbank.org/curated/en/2003/03/2224552/finance-income-inequality-test-alternative-theories
http://hdl.handle.net/10986/18276

Finance and Income Inequality : Test of Alternative Theories

Internet

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