Research
Peer-Reviewed Publications:
Working Paper.
This paper investigates the effect of local financial inclusion on income distribution. Using the case of Chile and its main financial-inclusion policy CajaVecina, we propose a local financial inclusion (LFI) measure. We estimate the impact of LFI on income distributional parameters for low income people. Our results show that high levels of LFI can increase the scale parameter of the distribution. Additionally, our results suggest that LFI increases can increase concentration of income around the mean of the distribution. Finally, we find that the growth rate of new firms can intensify the effect of LFI on the income distribution.
- Does direction of the transmission of bank risk matter? An application to the Chilean banking sector. Finance Research Letters. 2021. (with Gabriel Pino). [View]
Working Paper.
- Can a financial-inclusion policy focused on low-income people affect income distribution? Evidence from Chile. Economic Modelling. (with Gabriel Pino). (Under Review).
This paper investigates the effect of local financial inclusion on income distribution. Using the case of Chile and its main financial-inclusion policy CajaVecina, we propose a local financial inclusion (LFI) measure. We estimate the impact of LFI on income distributional parameters for low income people. Our results show that high levels of LFI can increase the scale parameter of the distribution. Additionally, our results suggest that LFI increases can increase concentration of income around the mean of the distribution. Finally, we find that the growth rate of new firms can intensify the effect of LFI on the income distribution.