In this paper, we study the relationship between income inequality and stock market returns. We develop a quantitative … general equilibrium model that links shifts in both labour and capital income inequality to stock market variables. An …-risky, labor share of income reduces it. When we calibrate our model to match the empirical size of shifts in the last Öve decades …

Realized capital gains are typically disregarded in the study of income inequality. We show that in the case of Sweden … this severely underestimates the actual increase in inequality and, in particular, top income shares during recent decades …. Using micro panel data to average incomes over longer periods and re-rank individuals according to income excluding capital …

Realized capital gains are typically disregarded in the study of income inequality. We show that in the case of Sweden … this severely underestimates the actual increase in inequality and, in particular, top income shares during recent decades …. Using micro panel data to average incomes over longer periods and re-rank individuals according to income excluding capital …

Realized capital gains are typically disregarded in the study of income inequality. We show that in the case of Sweden … this severely underestimates the actual increase in inequality and, in particular, top income shares during recent decades …. Using micro panel data to average incomes over longer periods and re-rank individuals according to income excluding capital …

Realized capital gains are typically disregarded in the study of income inequality. We show that in the case of Sweden … this severely underestimates the actual increase in inequality and, in particular, top income shares during recent decades …. Using micro panel data to average incomes over longer periods and re-rank individuals according to income excluding capital …

Realized capital gains are typically disregarded in the study of income inequality. We show that in the case of Sweden … this severely underestimates the actual increase in inequality and, in particular, top income shares during recent decades …. Using micro panel data to average incomes over longer periods and re-rank individuals according to income excluding capital …