Stocking Up on Wealth . . . Concentration

dc.contributor.author	Fix, Blair
dc.date.accessioned	2024-04-02T00:29:17Z
dc.date.available	2024-04-02T00:29:17Z
dc.date.issued	2024
dc.description.abstract	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.
dc.identifier.citation	Stocking Up on Wealth . . . Concentration. Fix, Blair. (2024). Real-World Economics Review. No. 107. March. pp. 40-56. (Article - Journal; English).
dc.identifier.uri	https://hdl.handle.net/10315/41989
dc.language.iso	en
dc.rights	Attribution-NonCommercial-NoDerivatives 4.0 International	en
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subject	corporation
dc.subject	distribution
dc.subject	mergers & acquisitions
dc.subject	ownership
dc.subject	stock market
dc.subject	United States
dc.subject	concentration
dc.title	Stocking Up on Wealth . . . Concentration
dc.type	Artwork

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