Corruption and inequality of wealth amongst the very rich

Philip Hans Franses; Bert de Groot

doi:10.1007/s11135-015-0202-4

Corruption and inequality of wealth amongst the very rich

Philip Hans Franses, Bert de Groot

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Abstract

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.

Original language	English
Pages (from-to)	1245-1252
Number of pages	10
Journal	Quality and Quantity
Volume	50
Issue number	3
DOIs	https://doi.org/10.1007/s11135-015-0202-4
Publication status	Published - 2016

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EUR ESE 31

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Corruption and inequality of wealth amongst the very rich

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