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Effet du développement financier sur les inégalités de revenus au travers des investissements productifs et éducatifs

Author

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  • Florent BRESSON

    (Université d'Auvergne(UdA))

Abstract

Many authors have demonstrated that credit market imperfections lead to situations of permanent income inequalities. Depending on the authors, the channels of investment which are at the source of the income formation, differ; whereas some have chosen physical capital investment, the others have preferred human capital investment through education. Our goal was to shed light on the different effects of financial development through these two channels. Our results, based on data from 130 countries from 1960 to 1999, confirm their importance in determining the level of income inequalities but with effects varying with the level of income per capita. We find that, even if financial development globally contributes to the widening of income inequalities (increasingly with the level of income per capita), there is a narrowing effect through the diminution of educational inequalities.

Suggested Citation

  • Florent BRESSON, 2004. "Effet du développement financier sur les inégalités de revenus au travers des investissements productifs et éducatifs," Working Papers 200409, CERDI.
    • Handle: RePEc:cdi:wpaper:558
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    Cited by:

    1. Adama Zerbo, 2006. "Marché du crédit et travail décent au Burkina Faso," Documents de travail 133, Groupe d'Economie du Développement de l'Université Montesquieu Bordeaux IV.
    2. Mohamed Chakroun, 2020. "Threshold effects in the relationship between financial development and income inequality," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 25(3), pages 365-387, July.

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