Although theoretical models make distinct predictions about the relationship between financial sector development and income inequality, little empirical research has been conducted to compare their relative explanatory power. The authors examine the relation between financial intermediary...

Although theoretical models make distinct predictions about the relation between finance and income inequality, little empirical research has been conducted to compare their relative explanatory power. We examine the relation between financial intermediary development and income inequality in a...

Surveys can increase market transparency when information asymmetries are present — but this will only happen when respondents answer questions truthfully. Sometimes, however, it might not be in the respondents' best interest to provide truthful information on their firm or market. This will...