Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/289511 
Authors: 
Year of Publication: 
2024
Citation: 
[Journal:] Real-World Economics Review [ISSN:] 1755-9472 [Issue:] 107 [Publisher:] World Economics Association [Place:] Bristol [Year:] 2024 [Pages:] 40-56
Publisher: 
World Economics Association, Bristol
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.
Subjects: 
corporation
distribution
mergers & acquisitions
ownership
stock market
United States
JEL: 
P
P1
P12
P14
G3
G34
L1
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article
Document Version: 
Published Version

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