Arbeitspapier

Finance and wealth inequality

Using a global sample, this paper investigates the determinants of wealth inequality capturing various economic, financial, political, institutional, and geographical indicators. Using instrumental variable Bayesian model averaging, it reveals that only a handful of indicators robustly matter and finance plays a key role. It reports that while financial depth increases wealth inequality, efficiency and access to finance reduce inequality. In addition, redistribution and education are associated with lower inequality whereas wars and openness to international trade contribute to greater wealth inequality.

Sprache
Englisch

Erschienen in
Series: IES Working Paper ; No. 35/2018

Klassifikation
Wirtschaft
Personal Income, Wealth, and Their Distributions
Macroeconomics: Consumption; Saving; Wealth
Thema
Wealth inequality
finance
Bayesian model averaging

Ereignis
Geistige Schöpfung
(wer)
Hasan, Iftekhar
Horváth, Roman
Mares, Jan
Ereignis
Veröffentlichung
(wer)
Charles University in Prague, Institute of Economic Studies (IES)
(wo)
Prague
(wann)
2018

Handle
Letzte Aktualisierung
10.03.2025, 11:43 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

  • Hasan, Iftekhar
  • Horváth, Roman
  • Mares, Jan
  • Charles University in Prague, Institute of Economic Studies (IES)

Entstanden

  • 2018

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