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Financial reforms and income inequality

Author

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  • Agnello, Luca
  • Mallick, Sushanta K.
  • Sousa, Ricardo M.

Abstract

Using 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.

Suggested Citation

  • Agnello, Luca & Mallick, Sushanta K. & Sousa, Ricardo M., 2012. "Financial reforms and income inequality," Economics Letters, Elsevier, vol. 116(3), pages 583-587.
    • Handle: RePEc:eee:ecolet:v:116:y:2012:i:3:p:583-587
    DOI: 10.1016/j.econlet.2012.06.005
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    1. Luca Agnello & Ricardo M. Sousa, 2012. "How do banking crises impact on income inequality?," Applied Economics Letters, Taylor & Francis Journals, vol. 19(15), pages 1425-1429, October.
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    More about this item

    Keywords

    Financial reforms; Income inequality; Kuznets curve;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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