The Impact of Country Risk on Income Inequality: A Multilevel Analysis
Abstract
This paper investigates the influence of country risks, including economic, financial, and political risks, on income inequality for a broad sample of 110 countries. Our empirical results reveal that higher economic and political risks generally lead to higher inequality. Lower income country appears to have higher income inequality. Furthermore, with the consideration of the non-monotonic effect of country risk, the improvement of income...
Paper Details
Title
The Impact of Country Risk on Income Inequality: A Multilevel Analysis
Published Date
Dec 23, 2016
Journal
Volume
136
Issue
1
Pages
139 - 162
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