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June 13, 2026South East European Journal of Economics and BusinessOpen Access

The Impact of Financial Development and Financial Inclusion on Income Inequality: Evidence from OECD Countries

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Authors

FGFatos GeciVTValentin Toçi

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Overview

Randomized trial examines income inequality in OECD countries, suggesting financial inclusion reduces inequality.

Key Points

  • This research investigates how financial development and inclusion influence income inequality in OECD countries.
  • Analyzed panel data from 38 OECD countries (2010-2022)
  • Utilized fixed effects, random effects, and GMM modeling
  • Examined the relationship between financial sector factors and Gini coefficient
  • Financial inclusion is associated with lower income inequality, promoting broader access to financial resources.
  • Financial development, indicated by private sector credit, showed a non-statistically robust positive relationship with income inequality.
  • Higher inequality is linked to credit concentration benefiting higher-income groups.

Cite This Study

Geci et al. (2026) studied this question.

synapsesocial.com/papers/6a2cf688faef96ed7f058344https://doi.org/10.2478/jeb-2026-0009
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