Corruption and inequality of wealth amongst the very rich

Corruption may lead to tax evasion and unbalanced favors and this may lead to extraordinary wealth amongst a few. We study for 13 countries 6 years of Forbes rankings data and we examine whether corruption leads to more inequality amongst the wealthiest. When we correct in our panel model for curren...

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Detalles Bibliográficos
Autores principales: Franses, Philip Hans, de Groot, Bert
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer Netherlands 2015
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4833816/
https://www.ncbi.nlm.nih.gov/pubmed/27122640
http://dx.doi.org/10.1007/s11135-015-0202-4
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author Franses, Philip Hans
de Groot, Bert
author_facet Franses, Philip Hans
de Groot, Bert
author_sort Franses, Philip Hans
collection PubMed
description Corruption may lead to tax evasion and unbalanced favors and this may lead to extraordinary wealth amongst a few. We study for 13 countries 6 years of Forbes rankings data and we examine whether corruption leads to more inequality amongst the wealthiest. When we correct in our panel model for current and one-year lagged competitiveness and GDP growth rates, we find no such effect. In fact, we find that more competitiveness decreases inequality amongst the wealthiest.
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spelling pubmed-48338162016-04-25 Corruption and inequality of wealth amongst the very rich Franses, Philip Hans de Groot, Bert Qual Quant Article Corruption may lead to tax evasion and unbalanced favors and this may lead to extraordinary wealth amongst a few. We study for 13 countries 6 years of Forbes rankings data and we examine whether corruption leads to more inequality amongst the wealthiest. When we correct in our panel model for current and one-year lagged competitiveness and GDP growth rates, we find no such effect. In fact, we find that more competitiveness decreases inequality amongst the wealthiest. Springer Netherlands 2015-04-21 2016 /pmc/articles/PMC4833816/ /pubmed/27122640 http://dx.doi.org/10.1007/s11135-015-0202-4 Text en © The Author(s) 2015 Open AccessThis article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.
spellingShingle Article
Franses, Philip Hans
de Groot, Bert
Corruption and inequality of wealth amongst the very rich
title Corruption and inequality of wealth amongst the very rich
title_full Corruption and inequality of wealth amongst the very rich
title_fullStr Corruption and inequality of wealth amongst the very rich
title_full_unstemmed Corruption and inequality of wealth amongst the very rich
title_short Corruption and inequality of wealth amongst the very rich
title_sort corruption and inequality of wealth amongst the very rich
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4833816/
https://www.ncbi.nlm.nih.gov/pubmed/27122640
http://dx.doi.org/10.1007/s11135-015-0202-4
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