Work

Banking and income inequality of the American community: an analysis

Year: 2016

Type: article

Abstract: Community banks in American urban areas are found to have a significant effect on the local distribution of income.Banking activity is seen to both decrease inequality by increasing the median level of income and simultaneously increase inequality by increasing the size of either tail of the income distribution.The net effect of banks providing liquidity to the American local economy and increasing access to the banking infrastructure is to decrease income inequality in these communities.

Source: Banks and Bank Systems

DOI: 10.21511/bbs.11(1).2016-06

Authors: Lijing Du, Michail Dewally, Ying Ying Shao, Daniel Singer

Institution: Towson University

Language: English

Topic: Banking stability, regulation, efficiency

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Reduced inequalities, No poverty

Open Access status: gold

Estimated APC paid: $641