Do financial reforms help stabilize inequality?

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• 作者：Dimitris Christopoulos^a ; Peter McAdam^b ; ¹ ; ^{peter.mcadam@ecb.europa.eu}
• 关键词：C01 ; C12 ; D63 ; G15
• 刊名：Journal of International Money and Finance
• 出版年：2017
• 出版时间：February 2017
• 年：2017
• 卷：70
• 期：Complete
• 页码：45-61
• 全文大小：613 K
• 卷排序：70

文摘

Explores relationship between financial reforms and income inequality using a panel of 29 countries in 1975–2005. Extend panel unit root tests to allow for the presence of some financial-reform covariates and structural breaks. Gross and net Gini indices follow a unit root process. This picture can change when financial reform indices are accounted for. Gross Gini coefficients are not stabilized by financial reforms; net measures are (more likely to be). Financial reforms enacted in the presence of a strong safety net seem preferable.