How Development and Liberalisation of the Financial Sector is Related to Income Inequality: Some New Evidence

14 Pages Posted: 30 Jul 2016

See all articles by Jacob de Haan

Jacob de Haan

University of Groningen

Jan-Egbert Sturm

KOF Swiss Economic Institute, ETH Zurich; CESifo (Center for Economic Studies and Ifo Institute)

Date Written: July 2016

Abstract

Bumann and Lensink (2016) suggest that the impact of financial liberalization on inequality is conditioned by financial development. Besides presenting a theoretical model that explains the underlying channels, they report empirical results in which capital account liberalisation (as a relatively narrow measure of financial liberalisation) only tends to lower income inequality if the level of financial depth is high enough.

Suggested Citation

de Haan, Jacob and Sturm, Jan-Egbert, How Development and Liberalisation of the Financial Sector is Related to Income Inequality: Some New Evidence (July 2016). BAFFI CAREFIN Centre Research Paper No. 2016-33. Available at SSRN: https://ssrn.com/abstract=2815852 or http://dx.doi.org/10.2139/ssrn.2815852

Jacob de Haan (Contact Author)

University of Groningen ( email )

P.O. Box 800
9700 AH Groningen, Groningen 9700 AV
Netherlands

Jan-Egbert Sturm

KOF Swiss Economic Institute, ETH Zurich ( email )

Zurich
Switzerland

HOME PAGE: http://www.kof.ethz.ch

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, 81679
Germany

HOME PAGE: http://www.cesifo.de

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