This paper studies the relationship between investor protection and income inequality. In the presence of market frictions, better protection makes investors more willing to take on entrepreneurial risk when lending to firms, thereby improving the degree of risk sharing between financiers and...

This paper studies the relationship between investor protection, entrepreneurial risk taking and income in equality. In the presence of market frictions, better protection makes investors more willing to take on entrepreneurial risk when lending to firms, thereby improving the degree of risk...

This paper studies the relationship between investor protection, entrepreneurial risk taking and income inequality. In the presence of market frictions, better protection makes investors more willing to take on entrepreneurial risk when lending to firms, thereby improving the degree of risk...

This paper studies the relationship between investor protection, entrepreneurial risk taking and income inequality. In the presence of market frictions, better protection makes investors more willing to take on entrepreneurial risk when lending to firms, thereby improving the degree of risk...

Despite solid theoretical foundations for the notion that poor, borrowing-constrained households will intertemporally manage assets to smooth consumption, the consumption-smoothing hypothesis has not always withstood empirical scrutiny. This paper reassesses the intertemporal asset management...

Much has been written about the impact of various interventions, including microfinance, on poverty in rural Bangladesh, and yet many issues still remain poorly understood. The main analytical problem is that in order to appreciate the impact of interventions, it is first necessary to understand...

Using longitudinal household data and an econometric model of conditional poverty transitions, this paper contributes to the growing literature on poverty dynamics in Australian households. The results reveal that a range of household head, partner and demographic characteristics in addition to...

Despite the increasing awareness concerning the importance of distinguishing chronic and transient poverty for policy making, cross-country comparative studies of poverty dynamics in developing countries are virtually non-existent. The small, though increasing, number of existing studies makes...

We focus on the statics and dynamics of poverty in Spain using data from the first eight waves of the European Community Household Panel from 1994 to 2001, a period not sufficiently covered by recent literature. The results confirm the pattern of poverty changes noted by other authors for the...

Despite the increasing awareness concerning the importance of distinguishing chronic and transient poverty for policy making, cross-country comparative studies of poverty dynamics in developing countries are virtually non-existent. The small, though increasing, number of existing studies makes...