The Links between Finance and Inequality: Channels and Evidence

Publication:
The Links between Finance and Inequality: Channels and Evidence

dc.contributor.author	Claessens, Stijn
dc.contributor.author	Perotti, Enrico
dc.date.accessioned	2012-06-26T15:41:59Z
dc.date.available	2012-06-26T15:41:59Z
dc.date.issued	2005
dc.description.abstract	Much attention has been given to whether market reforms reduce or increase inequality. Inequality often reflects unequal access to productive opportunities and recent evidence has highlighted the presence of onerous barriers to entry, especially in developing countries. This paper focuses on the relationships between inequality and finance. In principle, a better financial system can help overcome barriers, and thereby increase economic growth and reduce inequality. It analyzes these various channels from inequality to financial sector reform and provides (case) evidence on them. The question of, how, given initial wealth and power distributions, financial (and other) reforms could be designed to improve access and prevent perverse outcomes. It concludes that more gradual reform allowing the buildup of various types of oversight institutions is necessary for countries with high inequality.	en
dc.identifier.doi	10.1596/9227
dc.identifier.uri	https://hdl.handle.net/10986/9227
dc.language	English
dc.publisher	Washington, DC: World Bank
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo/
dc.subject	World Development Report 2006
dc.title	The Links between Finance and Inequality: Channels and Evidence	en
dspace.entity.type	Publication
okr.crosscuttingsolutionarea	Gender
okr.crosscuttingsolutionarea	Fragility, Conflict, and Violence
okr.date.doiregistration	2025-05-05T12:08:03.999380Z
okr.globalpractice	Macroeconomics and Fiscal Management
okr.globalpractice	Environment and Natural Resources
okr.language.supported	en
okr.region.administrative	Latin America & Caribbean
okr.region.administrative	East Asia and Pacific
okr.relation.associatedurl	https://openknowledge.worldbank.org/handle/10986/5988
okr.topic	Conflict and Development
okr.topic	Environment
okr.topic	Finance
okr.topic	Gender
okr.topic	Macroeconomics and Economic Growth
okr.topic	Private Sector