Persistence of high income inequality and banking crises: 1980-2010

Bellettini, Giorgio ; Delbono, Flavio (2013) Persistence of high income inequality and banking crises: 1980-2010. Bologna: Dipartimento di Scienze economiche - DSE, p. 29. DOI 10.6092/unibo/amsacta/3692. In: Quaderni - Working Paper DSE (885). ISSN 2282-6483.
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Abstract

Differently from Atkinson and Morelli (2011) who detect no clear link between increases in income inequality and systemic banking crises, we show that a large majority of crises occurred between 1982 and 2008 have been preceded by persistently high levels of income inequality. Such association is robust when considering Gini values for incomes after-tax as well as before-tax and transfers. Moreover, we investigate the pattern of income inequality levels before and after a group of banking crises and the relative levels of income inequality in a large sample of OECD countries that did not experience banking crises between 1980 and 2010.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Bellettini, Giorgio
Delbono, Flavio
Keywords
income inequality, Gini coefficient, banking crises
Subjects
ISSN
2282-6483
DOI
Deposit date
06 Jun 2013 07:50
Last modified
03 Oct 2013 08:00
URI

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