Bonfiglioli, Alessandra - Institut für Schweizerisches Bankwesen <Zürich> - 2007
This paper studies the relationship between investor protection, financial risk sharing and income inequality. In the … and providing them with insurance. By increasing the number of risky pro jects, it raises income inequality.By extending … insurance to more agents, it reduces it. As a result, income inequality grows with the size of the market for risk sharing until …