Corruption and inequality of wealth amongst the very rich

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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 languageEnglish
Pages (from-to)1245-1252
Number of pages10
JournalQuality and Quantity
Issue number3
Publication statusPublished - 2016


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