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2016 | 12 | nr 2 | 36--48
Tytuł artykułu

Financial Sector Transformation and Income Inequality : an Empirical Analysis

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This paper examines the relationship between financial sector transformation and income inequality. We construct an econometric model of income concentration for a panel of 16 OECD countries in the years 1995-2009. From our study, financial sector transformation, measured individually by three indicators (GDP share of stock market value traded, bank income and private credit), emerges as a nexus of complex and interconnected phenomena, which are strongly associated with the concentration of income at the top of the distribution. (original abstract)
Opis fizyczny
  • University of Leeds
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