This paper critically reviews the literature on finance and inequality, highlighting substantive gaps in the literature. Finance plays a crucial role in most theories of persistent inequality. Unsurprisingly, therefore, economic theory provides a rich set of predictions concerning both the impact of finance on inequality and about the relevant mechanisms. Although subject to ample qualifications, the bulk of empirical research suggests that improvements...
Vea más
INFORMACIÓN
-
2009/06/01
-
Documento de trabajo sobre investigaciones relativas a políticas
-
WPS4967
-
1
-
1
-
2010/07/01
-
Disclosed
-
Finance and inequality : theory and evidence
-
demand for low-skilled workers