The last 30 years saw substantial increases in wealth inequality and in stock market participation, smaller increases … in consumption inequality and the fraction of indebted households, a decline in interest rates and in the expected equity … explained by the observed rise in wage inequality, as well as a decrease in participation costs and a loosening of borrowing …

inequality. I analyze a model of financial markets with investors heterogeneously informed about future returns. The … unconditional wealth share distribution features a thick right-tail populated by the best-informed investors. Wealth inequality … dynamics. Using data on US households' beliefs, the model can explain the recent dynamics in wealth inequality …

Using a global sample, this paper investigates the determinants of wealth inequality capturing various economic … increases wealth inequality, efficiency and access to finance reduce inequality. In addition, redistribution and education are … associated with lower inequality whereas wars and openness to international trade contribute to greater wealth inequality. …