Liu, Z. and Wang, Q. (2015) Is There a Reverse U-Shaped Relation between Financial Development and Income Distribution? Comparison between Developed Countries and Transforming Countries. Open Journal of Social Sciences, 3, 201-209. http://dx.doi.org/10.4236/jss.2015.33030

has been cited by the following article:

• TITLE: Financial Inclusion and Income Inequality in Mexican Municipalities

  AUTHORS: José Salazar-Cantú, Juvencio Jaramillo-Garza, Bethzaira Álvarez-De la Rosa

  KEYWORDS: Income Inequality, Financial Inclusion, Social Cohesion, Mexican Municipalities

  JOURNAL NAME: Open Journal of Social Sciences, Vol.3 No.12, December 10, 2015

  ABSTRACT: The Greenwood and Jovanovic (1990) [1], hypothesis, about the influence of the financial inclusion on the inequality in the income distribution, is tested for the Mexican municipalities. The results of the econometric estimation, confirm the theoretical expectative, indicating that a higher financial inclusion would lead initially to a greater income inequality within the Mexican municipalities, so that later on as the inclusion continues growing that inequality reduces. These findings, obtained through the use of regional information for a same country, are the first of its kind on available literature; and suggest the need for more regional approaches, rather than national, in the public policy on the complex social problem of income inequality.