Godechot, Olivier; Neumann, Nils; Apascaritei, Paula; … - 2021
The upswing in finance over the past several decades has led to rising inequality, but do downswings in finance lead to … a symmetric decline in inequality? In this paper, we analyze the asymmetry of the effect of ups and downs in financial … markets, as well as the effect of increased capital requirements and the bonus cap on national earnings inequality. We use …