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
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

Dieses Objekt wird bereitgestellt von:
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

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