Exportar Publicação

A publicação pode ser exportada nos seguintes formatos: referência da APA (American Psychological Association), referência do IEEE (Institute of Electrical and Electronics Engineers), BibTeX e RIS.

Exportar Referência (APA) 
Vale, S. & Camões, F. (2023). Households’ exposure to the financial sector as a driver of inequality: An analysis of advanced and emerging economies. Comparative Economic Studies. 65, 362-402
Exportar Referência (IEEE) 
S. D. Vale and F. H. Costa,  "Households’ exposure to the financial sector as a driver of inequality: An analysis of advanced and emerging economies", in Comparative Economic Studies, vol. 65, pp. 362-402, 2023
Exportar BibTeX 
@article{vale2023_1732206012519,
	author = "Vale, S. and Camões, F.",
	title = "Households’ exposure to the financial sector as a driver of inequality: An analysis of advanced and emerging economies",
	journal = "Comparative Economic Studies",
	year = "2023",
	volume = "65",
	number = "",
	doi = "10.1057/s41294-022-00200-8",
	pages = "362-402",
	url = "https://www.palgrave.com/gp/journal/41294"
}
Exportar RIS 
TY  - JOUR
TI  - Households’ exposure to the financial sector as a driver of inequality: An analysis of advanced and emerging economies
T2  - Comparative Economic Studies
VL  - 65
AU  - Vale, S.
AU  - Camões, F.
PY  - 2023
SP  - 362-402
SN  - 0888-7233
DO  - 10.1057/s41294-022-00200-8
UR  - https://www.palgrave.com/gp/journal/41294
AB  - Inequality in income distribution has increased in recent decades while households have seen their relationship with the financial sector deepen, raising the question of whether there is a causal relationship between the two phenomena. This paper studies how changes in house prices, private credit, and stock market capitalization affect income inequality. Dynamic panel data methods are used on an unbalanced panel of 57 advanced and emerging economies between 1998 and 2018. The results point to a positive impact of an increase in these variables on both the Gini coefficient of disposable income and the share of top incomes. Overall, the evidence indicates that the development of the financial sector and its consequent extension to households has been a driver of income inequality. The results are robust to different measures of house prices, different econometric specifications, and control variables.
ER  -