Financial sector transformation and income inequality : an empirical analysis

Hanna K. Szymborska

This paper examines the relationship between financial sector transformation and income inequality. We construct an econometric model of income concentration for a panel of 16 OECD countries in the years 1995-2009. From our study, financial sector transformation, measured individually by three indicators (GDP share of stock market value traded, bank income and private credit), emerges as a nexus of complex and interconnected phenomena, which are strongly associated with the concentration of income at the top of the distribution.

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Year of publication:	2016
Authors:	Szymborska, Hanna K.
Published in:	E-Finanse : finansowy kwartalnik internetowy. - Rzeszów : [Verlag nicht ermittelbar], ISSN 1734-039X, ZDB-ID 2631747-3. - Vol. 12.2016, 2, p. 36-48
Subject:	Financial Markets \| Inequality \| Fixed Effects Models \| Einkommensverteilung \| Income distribution \| Finanzmarkt \| Financial market \| Finanzsektor \| Financial sector \| Welt \| World

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Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Other identifiers:	10.14636/1734-039X_12_2_004 [DOI] hdl:10419/197433 [Handle]
Classification:	E44 - Financial Markets and the Macroeconomy ; D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; C23 - Models with Panel Data
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011570477