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Stocking Up on Wealth . . . Concentration

Author

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  • Fix, Blair

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.

Suggested Citation

  • Fix, Blair, 2024. "Stocking Up on Wealth . . . Concentration," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue 107, pages 40-56.
    • Handle: RePEc:zbw:espost:289511
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    File URL: https://www.econstor.eu/bitstream/10419/289511/1/Fix_Stocking_up_on_wealth.pdf
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    More about this item

    Keywords

    corporation; distribution; mergers & acquisitions; ownership; stock market; United States;
    All these keywords.

    JEL classification:

    • P - Political Economy and Comparative Economic Systems
    • P1 - Political Economy and Comparative Economic Systems - - Capitalist Economies
    • P12 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Enterprises
    • P14 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Property Rights
    • G3 - Financial Economics - - Corporate Finance and Governance
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance

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