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Wealth Distribution, Income Inequality and Financial Inclusion: A Panel Data Analysis

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  • Patrick N. Osakwe
  • Olga Solleder

Abstract

This working paper examines the impact of income inequality on the distribution of wealth using panel data and controlling for the roles of financial inclusion and other potential drivers of wealth inequality. We find evidence that lagged wealth and savings rates increase wealth inequality globally as well as in the developed and developing countries samples.

Suggested Citation

  • Patrick N. Osakwe & Olga Solleder, 2023. "Wealth Distribution, Income Inequality and Financial Inclusion: A Panel Data Analysis," UNCTAD Working Papers #4, United Nations Conference on Trade and Development.
    • Handle: RePEc:unc:wpaper:4
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    References listed on IDEAS

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    3. Roine, Jesper & Waldenström, Daniel, 2014. "Long-Run Trends in the Distribution of Income and Wealth," Working Paper Series 1021, Research Institute of Industrial Economics.
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    7. Demirguc-Kunt,Asli & Klapper,Leora & Singer,Dorothe, 2017. "Financial inclusion and inclusive growth : a review of recent empirical evidence," Policy Research Working Paper Series 8040, The World Bank.
    8. Jess Benhabib & Alberto Bisin & Mi Luo, 2017. "Earnings Inequality and Other Determinants of Wealth Inequality," American Economic Review, American Economic Association, vol. 107(5), pages 593-597, May.
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