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The central objective of our paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes...
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although there has been substantial economic growth, only a relatively small group of the new middle-income countries have … poverty line. The patterns of growth, precarity, and structural change underlying the emergence of the world's two middles are …
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We introduce two separate datasets (The Global Consumption Dataset (GCD) and The Global Income Dataset (GID)) containing an unprecedented portrait of consumption and income of persons over time, within and across countries, around the world. The benchmark version of the dataset presents...
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