This paper examines the distributional impact of capital account liberalization. Using panel data for 149 countries from 1970 to 2010, we find that, on average,

Firms play an important role in shaping income inequality at the aggregated country level, given that wages represent a significant proportion of household inco

We review the debate on the association of financial globalization with inequality. We show that the within-country distributional impact of capital account lib

This study examines the relationship between capital account liberalisation and income inequality. Adopting a novel identification strategy, namely a difference