Arbeitspapier
The Effects of Financial Development on Income Inequality and Poverty
This paper examines the effects of financial development on income inequality and poverty. The results of both cross-country and panel data regressions suggest that inequality and poverty are reduced not only through enhanced loan markets, but also through more developed stock markets. We show that ethnic diversity and the distribution of land are significant and robust determinants of both income inequality and poverty. Finally, we find evidence that government spending leads to a reduction in income inequality in high income countries. In low income countries, however, we find no significant effect.
- Sprache
-
Englisch
- Erschienen in
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Series: Economics Working Paper Series ; No. 10/127
- Klassifikation
-
Wirtschaft
Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
Financial Institutions and Services: General
- Thema
-
Financial development
inequality
poverty
Finanzmarktregulierung
Finanzsektor
Einkommensverteilung
Soziale Ungleichheit
Armut
Welt
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Kappel, Vivien
- Ereignis
-
Veröffentlichung
- (wer)
-
ETH Zurich, CER-ETH - Center of Economic Research
- (wo)
-
Zurich
- (wann)
-
2010
- DOI
-
doi:10.3929/ethz-a-006032047
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Kappel, Vivien
- ETH Zurich, CER-ETH - Center of Economic Research
Entstanden
- 2010