Template-type: ReDIF-Paper 1.0
Author-Name: Lo Prete, Anna 
Author-Email: anna.loprete@unito.it
Author-Workplace-Name: University of Turin
Author-Workplace-Homepage: http://www.est.unito.it/
Title: Inequality and the finance you know: does economic literacy matter?
Abstract: In a sample of advanced and developing countries observed over the 1980-2007 period, this paper documents that the 
ability to use financial instruments and deal with financial market complexity that indicators of economic literacy proxy for is 
significantly and robustly associated to a lower variation in income inequality. The direct association between financial 
development and inequality usually referred to as the “financeinequality nexus”, instead, is not significant in long-run regressions 
that control for the level of economic literacy nor in panel regressions.
Length: pages 36
Creation-Date: 2017-11
File-URL: http://www.est.unito.it/do/home.pl/Download?doc=/allegati/wp2017dip/wp_34_2017.pdf
File-Format: Application/PDF
Handle: RePEc:uto:dipeco:201734