An apparent temporary narrowing of income inequality has been observed during several recent banking crises. But it would be a mistake to conclude that such crises don't matter for the poor. For one thing, the correlation is not strong, and the opposite pattern has also been present. Besides, the poor are much less able to absorb a cut in income: safety-net policies are crucial during a downturn even if the gap between rich and poor has temporarily...
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INFORMATION
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2005/07/06
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Document de travail de recherche sur les politiques
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WPS3659
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1
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1
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2010/07/01
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Disclosed
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Banking sector crises and inequality
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access to financial service
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