last two decades motivates the question on the long-run effects of M&A on the wealth of emerging markets. This paper …

risk premium. We show that the dynamics of external additive habits with wealth inequality are complex when a background … risk is present. It is ambiguous whether wealth inequality will increase or decrease the equity premium even when the … income uncertainty is low. This result extends literature by suggesting that wealth inequality has a small role in explaining …

wealth in the euro area that have been triggered by the low-interest environment. The first debate refers to the development … of real yields on household wealth from 2000 to 2018, whereas the second debate deals with the mean-variance efficiency … of household portfolios. Contrary to widespread belief, we find that yields on total wealth, which were largely dominated …

In South Africa, high levels of wealth inequality have persisted since 1994, to the extent that 1% of the population … owns 50% of the wealth. This study examines how macroeconomic policies influenced wealth inequality in South Africa over … the period 2010 to 2019 using a behavioural life-cycle model. Despite a decrease in wealth inequality over this period …