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EnglishWe perform an empirical analysis to investigate the relationship between income inequality and the occurrence of banking crises on a panel of 33 advanced countries in the period 1970–2011. Differently from other empirical studies, we focus on levels rather than growth rates of income inequality. We find a statistically significant and positive relationship between the value of the Gini index and the probability of banking crises. This result is confirmed when income distribution is summarized by the top 1% income share.
| Titolo: | Income inequality and banking crises: Testing the level hypothesis directly |
| Autore/i: | Bellettini, Giorgio; Delbono, Flavio; Karlström, Peter; Pastorello, Sergio |
| Autore/i Unibo: | |
| Anno: | 2019 |
| Rivista: | |
| Digital Object Identifier (DOI): | http://dx.doi.org/10.1016/j.jmacro.2018.08.007 |
| Abstract: | We perform an empirical analysis to investigate the relationship between income inequality and the occurrence of banking crises on a panel of 33 advanced countries in the period 1970–2011. Differently from other empirical studies, we focus on levels rather than growth rates of income inequality. We find a statistically significant and positive relationship between the value of the Gini index and the probability of banking crises. This result is confirmed when income distribution is summarized by the top 1% income share. |
| Data stato definitivo: | 2020-02-28T17:22:50Z |
| Appare nelle tipologie: | 1.01 Articolo in rivista |
File in questo prodotto:
| File | Descrizione | Tipo | Licenza | |
|---|---|---|---|---|
| JMACRO_2017_476.pdf | Preprint | Licenza per Accesso Aperto. Altra tipologia di licenza compatibile con Open Access | Open Access Visualizza/Apri |
http://hdl.handle.net/11585/675421
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