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.
- Language
-
Englisch
- Bibliographic citation
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Series: IES Working Paper ; No. 35/2018
- Classification
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Wirtschaft
Personal Income, Wealth, and Their Distributions
Macroeconomics: Consumption; Saving; Wealth
- Subject
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Wealth inequality
finance
Bayesian model averaging
- Event
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Geistige Schöpfung
- (who)
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Hasan, Iftekhar
Horváth, Roman
Mares, Jan
- Event
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Veröffentlichung
- (who)
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Charles University in Prague, Institute of Economic Studies (IES)
- (where)
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Prague
- (when)
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2018
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Hasan, Iftekhar
- Horváth, Roman
- Mares, Jan
- Charles University in Prague, Institute of Economic Studies (IES)
Time of origin
- 2018
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