The impact of financial development on income inequality: A quantile regression approach

Yener Altunbaş; John Thornton

doi:10.1016/j.econlet.2018.12.030

The impact of financial development on income inequality: A quantile regression approach

Yener Altunbaş, John Thornton

Norwich Business School

Research output: Contribution to journal › Article › peer-review

94 Citations (Scopus)

53 Downloads (Pure)

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
Pages (from-to)	51-56
Number of pages	6
Journal	Economic Letters
Volume	175
Early online date	23 Dec 2018
DOIs	https://doi.org/10.1016/j.econlet.2018.12.030
Publication status	Published - Feb 2019

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 10 Reduced Inequalities

Access to Document

10.1016/j.econlet.2018.12.030

Accepted_ManuscriptAccepted author manuscript, 775 KBLicence: CC BY-NC-ND
FD&INQ_Revised2_FinalAccepted author manuscript, 58.2 KBLicence: CC BY-NC-ND

Cite this

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title = "The impact of financial development on income inequality: A quantile regression approach",

abstract = "In a panel of 121 countries, the impact of financial development on income inequality appears to change with a country{\textquoteright}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.",

author = "Yener Altunba{\c s} and John Thornton",

year = "2019",

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doi = "10.1016/j.econlet.2018.12.030",

language = "English",

volume = "175",

pages = "51--56",

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AU - Thornton, John

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AB - 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.

U2 - 10.1016/j.econlet.2018.12.030

DO - 10.1016/j.econlet.2018.12.030

M3 - Article

VL - 175

SP - 51

EP - 56

JO - Economic Letters

JF - Economic Letters

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