development disproportionately raises the incomes of the poor and alleviates poverty. Using a broad cross-country sample, we … and poverty alleviation. We find that financial development reduces income inequality by disproportionately boosting the … poverty and income inequality. These results are robust to controlling for other country characteristics and potential reverse …

, including welfare participation, labor market involvement, earnings, income and poverty, and family formation. While no single … family earnings. The result was a rise in total family income and a decline in poverty. The gains from the 1996 reforms were …

in the paper, providing an income guarantee for all elderly individuals that is equal to the poverty line, increases … substantially greater effects on poverty if participation rates were increased …