Sovereign debt default and inequality
基于124个发展中国家1980-2016年的数据，研究发现主权债务违约会加剧收入不平等，且这一效应受违约规模、持续时间、制度质量等因素影响，并通过降低再分配能力（如减少税收、补贴和社会支出）传导。
Abstract Based on a sample of 124 developing countries over the period 1980–2016, we find that default increases inequality. This result, which passes a series of robustness tests, is sensitive to the size of the debt in default, the duration of the default episode, the institutional quality, the level of development, and the type of default (on external or domestic debt) and may persist until 5 years after the end of the default episode. Besides, the declines in redistributive capacity characterized by lower taxes and subsidies and social spending are identified as channels through which default increases inequality in default countries vis-à-vis nondefault countries. Finally, additional results show that default also raises wealth inequality.