"While substantial research finds that financial development boosts overall economic growth, we study whether financial … development disproportionately raises the incomes of the poor and alleviates poverty. Using a broad cross-country sample, we … distinguish among competing theoretical predictions about the impact of financial development on changes in income distribution …

While substantial research finds that financial development boosts overall economic growth, we study whether financial … development disproportionately raises the incomes of the poor and alleviates poverty. Using a broad cross-country sample, we … distinguish among competing theoretical predictions about the impact of financial development on changes in income distribution …

We review the empirical evidence on the relationship between Trade Liberalization, Inequality, and Poverty based on the … analysis of micro data from several developing countries that underwent significant trade reforms in recent years. Despite many … studies' has established certain patterns that seem common across countries and trade liberalization episodes, and may hence …

We explore the relationship between greater exposure to trade (as measured by openness) and child labor in a cross … countries that trade more have less child labor. At the cross-country means, the data suggest an openness elasticity of child …. When we control for the endogeneity of trade and for cross-country income differences, the openness elasticity of child …

development. The law and finance theory holds that legal traditions differ in terms of the priority they attach to protecting the … rights of private investors vis-a-vis the State and this has important implications for financial development. The endowment … influence financial development. Using a sample of former colonies, we explore whether the legal system brought by colonizers …

also discusses perceptions about international trade in over 40 countries at different levels of development, including …This paper assesses the current state of evidence on how international trade shapes inequality and poverty through its … perceptions on trade's overall benefits for the economy, trade's effect on the livelihood of workers through wages and jobs, and …

We study the effects of a positive export shock on labor allocation between the informal, microenterprise sector and … the formal firm sector in a low-income country. The U.S.-Vietnam Bilateral Trade Agreement led to large reductions in U … and formal sectors. This gap and the aggregate labor productivity gain from the export-induced reallocation of workers …