This paper explores how volatility in stock markets affects wealth inequality. Theoretically, volatility increases … wealth inequality because it increases the heterogeneity of log returns more at the top of the wealth distribution than at … is gradually increased. The result is that volatility leads to both increased heterogeneity of log returns and wealth …

Die vorliegende Dissertation im Fach Volkswirtschaftslehre besteht aus drei Beiträgen zur Einkommensverteilung und zum …