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Availability of financial services and income inequality: The evidence from many countries

  • Mookerjee, Rajen
  • Kalipioni, Paul
Registered author(s):

    Using a sample of developed and developing countries this study empirically gauges the impact of the availability of financial services, as measured by the number of bank branches per 100,000 populations on income inequality. The results show that greater access to bank branches robustly reduces income inequality across countries. The study also documents that barriers to bank access significantly increases income inequality.

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    File URL: http://www.sciencedirect.com/science/article/B6W69-50KWG03-1/2/61ac1f0bda476b113c9e1f252c9e2b09
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    Article provided by Elsevier in its journal Emerging Markets Review.

    Volume (Year): 11 (2010)
    Issue (Month): 4 (December)
    Pages: 404-408

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    Handle: RePEc:eee:ememar:v:11:y:2010:i:4:p:404-408
    Contact details of provider: Web page: http://www.elsevier.com/locate/inca/620356

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    3. Oded Galor & Omer Moav, 2004. "From Physical to Human Capital Accumulation: Inequality and the Process of Development," Review of Economic Studies, Wiley Blackwell, vol. 71(4), pages 1001-1026, October.
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    7. Cull, Robert, 2001. "Financial-Sector Reform: What Works and What Doesn't," Economic Development and Cultural Change, University of Chicago Press, vol. 49(2), pages 269-90, January.
    8. Claessens, Stijn & Perotti, Enrico, 2007. "Finance and inequality: Channels and evidence," Journal of Comparative Economics, Elsevier, vol. 35(4), pages 748-773, December.
    9. Oded Galor & Joseph Zeira, 2013. "Income Distribution and Macroeconomics," Working Papers 2013-12, Brown University, Department of Economics.
    10. Beck, Thorsten & Demirguc-Kunt, Asli & Levine, Ross, 2004. "Finance, inequality, and poverty: cross-country evidence," Policy Research Working Paper Series 3338, The World Bank.
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    16. B. Gabriela Mundaca, 2009. "Remittances, Financial Market Development, and Economic Growth: The Case of Latin America and the Caribbean," Review of Development Economics, Wiley Blackwell, vol. 13(2), pages 288-303, 05.
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    19. Enrico Perotti & Paolo Volpin, 2007. "Investor Protection and Entry," Tinbergen Institute Discussion Papers 07-006/2, Tinbergen Institute.
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