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Social Indicators Research
Published in: Social Indicators Research 1/2018

23-12-2016

The Impact of Country Risk on Income Inequality: A Multilevel Analysis

Authors: Chi-Chuan Lee, Chien-Chiang Lee

Published in: Social Indicators Research | Issue 1/2018

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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 distribution is only sustainable dynamically after a certain threshold level of country risk has been brought down. Policymakers should improve the level of country stability by exploring the benefits of country risk reduction in order to improve income distribution.
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Metadata
Title
The Impact of Country Risk on Income Inequality: A Multilevel Analysis
Authors
Chi-Chuan Lee
Chien-Chiang Lee
Publication date
23-12-2016
Publisher
Springer Netherlands
Published in
Social Indicators Research / Issue 1/2018
Print ISSN: 0303-8300
Electronic ISSN: 1573-0921
DOI
https://doi.org/10.1007/s11205-016-1534-8

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