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Keywords: Heterogeneous agents
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Journal Articles
Wealth, financial access, and the paradox of inequality
Available to Purchase
Journal:
China Finance Review International
China Finance Review International 1–36.
Published: 18 May 2026
... analysis and panel regressions with household fixed effects to establish stylized facts about wealth, participation, and returns. We then develop a continuous-time heterogeneous-agent general equilibrium model featuring endogenous market participation. Households choose between direct finance (incurring...
