Financial Sector Transformation And Income Inequality – An Empirical Analysis

Szymborska, Hanna (2016). Financial Sector Transformation And Income Inequality – An Empirical Analysis. E-Finanse, 12(2) pp. 36–48.

URL: https://e-finanse.com/archives/?number=45&id=13

Abstract

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), emer- ges as a nexus of complex and interconnected phenomena, which are strongly associated with the concentration of income at the top of the distribution.

Viewing alternatives

Item Actions

Export

You can export this page using these formats

About

• Item ORO ID
• 58917
• Item Type
• Journal Item
• ISSN
• 1734-039X
• Extra Information
• The article is an effect of the project –„Financialization- impact on the economy and society”- international conference, conducted by the University of Information Technology and Management in Rzeszów with Narodowy Bank Polski under the scope of economic education programme
• Keywords
• financial markets; inequality; fixed effects models
• Academic Unit or School
• Faculty of Arts and Social Sciences (FASS) > Social Sciences and Global Studies
  Faculty of Arts and Social Sciences (FASS)
• Research Group
• ?? idii ??
  Innovation, Knowledge & Development research centre (IKD)
• Copyright Holders
• © 2016 The Authors
• Depositing User
• Hanna Szymborska