Persistence of High Income Inequality and Banking Crises: 1980-2010
AbstractDifferently from Atkinson and Morelli (2011) who detect no clear link between increases in income inequality and systemic banking crises, we show that a large majority of crises occurred between 1982 and 2008 have been preceded by persistently high levels of income inequality. Such association is robust when considering Gini values for incomes after-tax as well as before-tax and transfers. Moreover, we investigate the pattern of income inequality levels before and after a group of banking crises and the relative levels of income inequality in a large sample of OECD countries that did not experience banking crises between 1980 and 2010.
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Bibliographic InfoPaper provided by CESifo Group Munich in its series CESifo Working Paper Series with number 4293.
Date of creation: 2013
Date of revision:
Other versions of this item:
- G. Bellettini & F. Delbono, 2013. "Persistence of high income inequality and banking crises: 1980-2010," Working Papers wp885, Dipartimento Scienze Economiche, Universita' di Bologna.
- E00 - Macroeconomics and Monetary Economics - - General - - - General
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