Inequality in the Aftermath of Financial Crises: Some Empirical Evidence

Gunes Gokmen*, Annaig Morin

*Corresponding author for this work

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Abstract

Analyzing 70 countries over the period 1973–2006, we empirically show that, in the aftermath of financial crises, income inequality exhibits no general pattern of change. This holds for both advanced and emerging economies. However, when we break down the analysis by crisis types, we find that, after stock market crises, inequality goes down in advanced countries, while there is no statistically significant association in emerging ones.
Original languageEnglish
JournalApplied Economics Letters
Volume26
Issue number19
Pages (from-to)1558-1562
Number of pages5
ISSN1350-4851
DOIs
Publication statusPublished - 2019

Keywords

  • Financial crises
  • Income inequality

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