Abstract
In a panel of 121 countries, the impact of financial development on income inequality appears to change with a country’s level of income. It promotes equality across inequality quantiles in upper-middle income countries, and it promotes inequality across inequality quantiles in low- and high-income countries.
Original language | English |
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Pages (from-to) | 51-56 |
Number of pages | 6 |
Journal | Economic Letters |
Volume | 175 |
Early online date | 23 Dec 2018 |
DOIs | |
Publication status | Published - Feb 2019 |