Financial Sector Transformation and Income Inequality-An Empirical Analysis

Hanna K. Szymborska

doi:10.1515/fiqf-2016-0142

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Financial Sector Transformation and Income Inequality-An Empirical Analysis

Financial Internet Quarterly

Volume 12 (2016): Issue 2 (June 2016)

By: Hanna K. Szymborska

Open Access

|Feb 2017

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

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Articles in this issue

DOI: https://doi.org/10.1515/fiqf-2016-0142 | Journal eISSN: 2719-3454

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Language: English

Page range: 36 - 48

Submitted on: Jul 1, 2015

Accepted on: Oct 3, 2016

Published on: Feb 9, 2017

Published by: University of Information Technology and Management in Rzeszow

In partnership with: Paradigm Publishing Services

Publication frequency: 4 issues per year

Keywords:

Financial Markets,

Inequality,

Fixed Effects Models

Related subjects:

Business and economics,

Political economics,

Economic theory, systems and structures,

Microeconomics,

Macroeconomics,

Public finance and fiscal theory

© 2017 Hanna K. Szymborska, published by University of Information Technology and Management in Rzeszow
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Volume 12 (2016): Issue 2 (June 2016)