Financial reforms and income inequality
AbstractUsing a panel of 62 countries for 1973–2005, we assess the impact of financial reforms on income inequality. We find that removal of policies towards directed credit and excessively high reserve requirements, and improvements in the securities market reduce inequality.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 116 (2012)
Issue (Month): 3 ()
Contact details of provider:
Web page: http://www.elsevier.com/locate/ecolet
Financial reforms; Income inequality; Kuznets curve;
Other versions of this item:
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Efraim Benmelech & Tobias J. Moskowitz, 2010.
"The Political Economy of Financial Regulation: Evidence from U.S. State Usury Laws in the 19th Century,"
Journal of Finance,
American Finance Association, vol. 65(3), pages 1029-1073, 06.
- Efraim Benmelech & Tobias J. Moskowitz, 2007. "The Political Economy of Financial Regulation: Evidence from U.S. State Usury Laws in the 19th Century," NBER Working Papers 12851, National Bureau of Economic Research, Inc.
- Raghuram G. Rajan & Rodney Ramcharan, 2009.
"Land and Credit: A Study of the Political Economy of Banking in the United States in the Early 20th Century,"
NBER Working Papers
15083, National Bureau of Economic Research, Inc.
- Raghuram G. Rajan & Rodney Ramcharan, 2011. "Land and Credit: A Study of the Political Economy of Banking in the United States in the Early 20th Century," Journal of Finance, American Finance Association, vol. 66(6), pages 1895-1931, December.
- Enrica Detragiache & Abdul Abiad & Thierry Tressel, 2008.
"A New Database of Financial Reforms,"
IMF Working Papers
08/266, International Monetary Fund.
- Poterba, J.M. & Samwick, A.A., 1996.
"Stock Ownership Patterns, Stock Market Fluctuations, and Consumption,"
96-2, Massachusetts Institute of Technology (MIT), Department of Economics.
- James M. Poterba & Andrew A. Samwick, 1995. "Stock Ownership Patterns, Stock Market Fluctuations, and Consumption," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 26(2), pages 295-372.
- Poterba, James M. & Samwick, Andrew A., 2003.
"Taxation and household portfolio composition: US evidence from the 1980s and 1990s,"
Journal of Public Economics,
Elsevier, vol. 87(1), pages 5-38, January.
- James M. Poterba & Andrew Samwick, 1999. "Taxation and Household Portfolio Composition: U.S. Evidence from the 1980s and 1990s," NBER Working Papers 7392, National Bureau of Economic Research, Inc.
- Abdul Abiad & Ashoka Mody, 2005.
"Financial Reform: What Shakes It? What Shapes It?,"
American Economic Review,
American Economic Association, vol. 95(1), pages 66-88, March.
- Levine, Ross, 2005.
"Finance and Growth: Theory and Evidence,"
Handbook of Economic Growth,
in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 12, pages 865-934
- Abiad, Abdul & Oomes, Nienke & Ueda, Kenichi, 2008.
"The quality effect: Does financial liberalization improve the allocation of capital?,"
Journal of Development Economics,
Elsevier, vol. 87(2), pages 270-282, October.
- Abdul Abiad & Nienke Oomes & Kenichi Ueda, 2004. "The Quality Effect: Does Financial Liberalization Improve the Allocation of Capital?," IMF Working Papers 04/112, International Monetary Fund.
- Arestis, Philip & Demetriades, Panicos O, 1997.
"Financial Development and Economic Growth: Assessing the Evidence,"
Royal Economic Society, vol. 107(442), pages 783-99, May.
- Panicos O. Demetriades & Philip Arestis, 1996. "Financial Development and Economic Growth: Assessing the Evidence," Keele Department of Economics Discussion Papers (1995-2001) 96/16, Department of Economics, Keele University.
- Claessens, Stijn & Perotti, Enrico, 2007. "Finance and inequality: Channels and evidence," Journal of Comparative Economics, Elsevier, vol. 35(4), pages 748-773, December.
- Luca Agnello & Ricardo M. Sousa, 2012. "Fiscall Adjustments and Income Inequality:A First Assessment," NIPE Working Papers 19/2012, NIPE - Universidade do Minho.
- Luca Agnello & Ricardo M. Sousa, 2011.
"How do Banking Crises Impact on Income Inequality?,"
NIPE Working Papers
30/2011, NIPE - Universidade do Minho.
- Luca Agnello & Ricardo M. Sousa, 2012. "How do banking crises impact on income inequality?," Applied Economics Letters, Taylor and Francis Journals, vol. 19(15), pages 1425-1429, October.
- Luca Agnello & Ricardo M. Sousa, 2011. "Fiscal Consolidation and Income Inequality," NIPE Working Papers 34/2011, NIPE - Universidade do Minho.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wendy Shamier).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.