Stocking Up on Wealth... Concentration

Blair Fix

EconStor Open Access Articles and Book Chapters, 2024, issue 107, 40-56

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.

Keywords: corporation; distribution; mergers & acquisitions; ownership; stock market; United States (search for similar items in EconPapers)
JEL-codes: G3 G34 L1 P P1 P12 P14 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:espost:289511

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