This paper empirically examines the combined effects of globalization and financial development on income inequality in a unified framework for an emerging economy. Using annual data for the Indian economy over the period 1980–2014, we show that the perceived benefits of globalization and financial development have not trickled down; rather, has aggravated income inequality. Our results also indicate that while inflation aggravates income inequality, education seems to alleviate the differential effect. Proactive measures in providing access to financial services, creating equitable employment opportunities, and improving the quality of education are required to offset the negative impacts of globalization and financial development on income disparity.

本文在一个新兴经济体的统一框架内，实证检验了全球化和金融发展对收入不平等的综合影响。使用 1980 年至 2014 年期间印度经济的年度数据，我们表明全球化和金融发展的预期收益并未逐渐减少；反而加剧了收入不平等。我们的结果还表明，虽然通货膨胀加剧了收入不平等，但教育似乎减轻了这种差异效应。需要在提供金融服务、创造公平就业机会和提高教育质量方面采取积极措施，以抵消全球化和金融发展对收入差距的负面影响。