Finance and income inequality in OECD countries
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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Using data from OECD countries over the past three decades, this paper shows that financial expansion has fuelled greater income inequality. Higher levels of credit intermediation and stock markets are both related with a more unequal distribution of income. Greater income inequality may not reduce the welfare of even the lowest earners so long as...
