Inequality amongst the wealthiest and its link with economic growth

Philip Hans Franses and S. Vermeer

No EI 2010-27, Econometric Institute Research Papers from Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute

Abstract: In this paper we correlate the key features of the distribution of wealth of the 500 wealthiest individuals in the Netherlands with economic growth and stock market returns for 1998 to 2009. We show that each year the distribution obeys a power law and that the key parameter measures the degree of inequality. Our main finding is that more inequality amongst the wealthiest is associated with higher economic growth.

Keywords: economic growth; power law; wealth distribution (search for similar items in EconPapers)
Date: 2010-04-29
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Related works:
Journal Article: Inequality amongst the wealthiest and its link with economic growth (2012)
Working Paper: Inequality amongst the wealthiest and its link with economic growth (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:ems:eureir:19360

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