Stocking Up on Wealth . . . Concentration

Stocking Up on Wealth . . . Concentration
Fix, Blair. (2024). Real-World Economics Review. No. 107. March. pp. 40-56. (Article - Journal; English).

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Alternative Locations

http://www.paecon.net/PAEReview/issue107/Fix107, https://yorkspace.library.yorku.ca/items/1bbc959c-4443-4404-9e8b-2282fa2b9cb6, https://www.econstor.eu/handle/10419/289511

Abstract or Brief Description

It turns out that like the rest of us, billionaires experience wealth inequality. (Individuals who top the Forbes billionaire list are far richer than those at the bottom of the list.) Interestingly, this billionaire wealth concentration fluctuates over time … in tight correlation with the movement of the stock market. Why? A plausible reason — explored here – is that stock indexes like the S&P 500 are unwitting indicators of corporate concentration. And corporate concentration, in turn, seems to drive the concentration of individual wealth.

Language

English

Publication Type

Article - Journal

Keywords

corporation distribution M&A ownership stock market United States

Subject

BN Money & Finance
BN Power
BN Region - North America
BN Value & Price
BN Business Enterprise
BN Capital & Accumulation
BN Class
BN Distribution

Depositing User

Jonathan Nitzan

Date Deposited

26 Mar 2024 23:41

Last Modified

12 Apr 2024 00:42

URL:

https://bnarchives.yorku.ca/id/eprint/826

Available Versions of this Item

• Stocking Up on Wealth … Concentration. (deposited 23 Nov 2023 22:38)
  • Stocking Up on Wealth . . . Concentration. (deposited 26 Mar 2024 23:41) [Currently Displayed]

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