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Finance And Inequality: The Case Of India Author info | Abstract | Publisher info | Download info | Related research | Statistics James Ang
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Although theory emphasizes the role of financial market frictions in explaining income inequality, there is little empirical research exploring how financial development and financial sector reforms influence the evolution of income inequality. This paper examines how finance impacts on income inequality in India using annual time series data for over half a century. The results indicate that while financial development helps reduce income inequality, financial liberalization seems to have exacerbated income inequality in India. Our results are robust to the use of different measures for financial development and financial liberalization.
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Paper provided by Monash University, Department of Economics in its series Monash Economics Working Papers with number
08/08.
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Length: 25 pages
Date of creation: 02 Apr 2008Date of revision:
Handle: RePEc:mos:moswps:2008-08Contact details of provider: Postal: Department of Economics, Monash University, Victoria 3800, Australia Phone: +61-3-9905-2493 Fax: +61-3-9905-5476 Email: Web page: http://www.buseco.monash.edu.au/eco/ More information through EDIRC
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For technical questions regarding this item, or to correct its listing, contact: (Simon Angus).
Keywords: Financial development ; financial liberalization ; income inequality ; India. ; Other versions of this item:
Find related papers by JEL classification: G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
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references Cited by : (explanations , 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.)
Ang, James & Sen, Kumal, 2009.
"Private Saving in India and Malaysia Compared: The Role of Financial Liberalization and Expected Pension Benefits ,"
MPRA Paper
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