This paper examines the association between stock market return expectations and financial wealth holdings of older … of positive stock market return were positively associated with greater financial wealth holdings among households. Our … financial wealth holdings of households. African Americans, Hispanics, and other races were negatively associated with the …

Wealth inequality is an important matter for economic theory and policy. Ongoing debates have been discussing recent … rise in wealth inequality in connection with recent development of active financial markets around the world. Existing … literature on wealth distribution connects the origins of wealth inequality with a variety of drivers. Our approach develops a …