@article{oai:nagoya.repo.nii.ac.jp:00018967, author = {Adachi, Takanori}, issue = {E14-13}, journal = {Economic Research Center Discussion Paper}, month = {Dec}, note = {This paper provides a simple dynamic framework to study the long-run relationship between financial intermediation and wealth inequality. By considering two types of entrepreneurial financing (self-financing and intermediated financing), I show that wealth inequality is more severe in an economy where all financing is intermediated than in an economy where some entrepreners rely on self-financing. This result is consistent with the augmented Kuznets hypothesis that a large scale operation of production and the financial intermediary development are associated with higher inequality.}, title = {Entrepreneurship, Financial Intermediation, and Inequality}, year = {2014} }