Finance, inequality, and poverty: cross-country evidence

"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 prediction...

Ausführliche Beschreibung

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Bibliographische Detailangaben
1. Verfasser: Beck, Thorsten 1967- (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Cambridge, MA National Bureau of Economic Research 2004
Schriftenreihe:NBER working paper series working paper 10979
Schlagworte:
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Volltext
Zusammenfassung:"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 and poverty alleviation. We find that financial development reduces income inequality by disproportionately boosting the incomes of the poor. Countries with better-developed financial intermediaries experience faster declines in measures of both poverty and income inequality. These results are robust to controlling for other country characteristics and potential reverse causality"--National Bureau of Economic Research web site
Beschreibung:Includes bibliographical references. - Title from PDF file as viewed on 1/6/2005
Erscheinungsjahr in Vorlageform:c2004
Weitere Ausgabe: Beck, Thorsten : Finance, inequality, and poverty
Beschreibung:1 Online-Ressource