Beck, Thorsten; Demirgüç-Kunt, Asli; Levine, Ross - In: Journal of Economic Growth 12 (2007) 1, pp. 27-49
Financial development disproportionately boosts incomes of the poorest quintile and reduces income inequality. About 40% of the long-run impact of financial development on the income growth of the poorest quintile is the result of reductions in income inequality, while 60% is due to the impact...
