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LUCA AGNELLO

How do banking crises impact on income inequality?

  • Autori: Agnello, L; Sousa, R
  • Anno di pubblicazione: 2012
  • Tipologia: Articolo in rivista (Articolo in rivista)
  • Parole Chiave: inequality, banking crisis, financial depth, government size
  • OA Link: http://hdl.handle.net/10447/66148

Abstract

We show that banking crises have an important effect on income distribution: inequality increases before banking crisis episodes and sharply declines afterwards. We also find that, while a large government size does not per se seem to reduce inequality, a rise in financial depth (i.e. better access to credit provided by the banking sector) contributes to a more equal distribution of income.