Income inequality and banking crises: Testing the level hypothesis directly

被引：5

作者：

Bellettini, Giorgio ^{[1
]}

Delbono, Flavio ^{[1
]}

Karlstroem, Peter ^{[1
]}

Pastorello, Sergio ^{[1
]}

机构：

[1] Univ Bologna, Dept Econ, Piazza Scaravilli 2, I-40126 Bologna, Italy

来源：

JOURNAL OF MACROECONOMICS | 2019年 / 62卷

关键词：

Income inequality; Banking crises; Credit booms; FINANCIAL CRISES; CREDIT BOOMS; LEVERAGE; DISTRESS; POLICY; LEAD;

D O I：

10.1016/j.jmacro.2018.08.007

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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.

引用

页数：16