| Income distribution is closely related to everyone,and research on income distribution is constantly updating.In the context of the great development of globalization,the economies of both developed and developing countries have received huge dividends from it,and the financial industry has also been further developed in this environment of opening to the outside world,but at the same time,we should see that the income distribution gap between and within countries is widening,and social problems are gradually emerging.In this context,will the level of financial development of developed and developing countries affect the income gap? If there is such an impact,is this impact of financial development good or bad?Social development Will the difference in degree lead to a difference in the relationship? The research on these problems is of practical significance to solve the problem of income distribution.Focusing on the above problems,this paper mainly starts from the influence mechanism of the existing financial development on the income distribution gap in the literature review and combing,then enumerates the existing two related index measurement methods,draws lessons from the existing index system,measures the financial development level from the depth,the scale,the structure and the efficiency four aspects.at the same time through the Gini coefficient to represent the income gap.The empirical part of the article will use Hansen panel threshold model,financial development as a threshold variable to examine the relationship between the two.On the basis of the research object of the existing scholars,we should make a supplementary investigation and select 10 countries with similar development status from the developed and developing regions Home as a representative,group comparative study,with their respective panel data in 1995-2014 as a sample empirical analysis,determined the existence of financial development threshold,indicating that there is a certain nonlinear relationship between the two.The results show that the financial development level of developed and developing countries does have a threshold for income distribution gap in some dimensions,that is,they have a certain nonlinear relationship.The financial scale and structure of developed countries have a nonlinear effect on the expansion of income distribution gap,and the financial scale and financial efficiency of developing countries have the same effect on the income distribution gap;in general,the improvement of the level of financial development between developed and developing countries will income distribution gap,which is more significant in developed countries than in developing countries.Finally,by comparing the causes of the empirical research conclusions of developed and developing countries,summing up the experience and lessons of developed countries,and combining with practical problems,we try to put forward policy suggestions to improve the income distribution gap from the perspective of financial development of developing countries,especially aiming at the national conditions of our country. |
