Abstract
In this article, we correlate the key features of the distribution of wealth of the 500 wealthiest individuals in the Netherlands with economic growth and stock market returns for the period 1998 to 2009. We show that each year the distribution obeys a power law and that the key parameter measures the degree of inequality. Our main finding is that more inequality amongst the wealthiest is associated with higher economic growth.
| Original language | English |
|---|---|
| Pages (from-to) | 2851-2858 |
| Number of pages | 8 |
| Journal | Applied Economics |
| Volume | 44 |
| Issue number | 22 |
| DOIs | |
| Publication status | Published - 2012 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth -
SDG 10 Reduced Inequalities
Research programs
- EUR ESE 31
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