Does the stock market affect income distribution?
Author InfoAndrea Beltratti Claudio Morana Abstract What is the relation between the stock market and income distribution? There are many potential links between the two, some of which are associated with the relations of each of these with the rate of economic growth. An empirical analysis set in the framework of the neoclassical growth model shows that the key mechanisms explaining income distribution in the US operate through the labour market rather than through the stock market, even though stock market shocks appear to have some short time relevance for the dynamics of income distribution. Download InfoTo download: If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
