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.

Additional Metadata
Keywords Corruption, Inequality, Wealth
Persistent URL dx.doi.org/10.1007/s11135-015-0202-4, hdl.handle.net/1765/80123
Series Econometric Institute Reprint Series
Journal Quality and Quantity: international journal of methodology
Citation
Franses, Ph.H.B.F, & de Groot, E.A. (2016). Corruption and inequality of wealth amongst the very rich. Quality and Quantity: international journal of methodology, 50(3), 1245–1252. doi:10.1007/s11135-015-0202-4