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Keywords: Inequality
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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
... the richest; and (3) wealthier households earn systematically higher returns, a relationship that survives household fixed effects. The model shows that lowering participation costs boosts stock market access but exacerbates wealth inequality, whereas reducing intermediation costs benefits poorer households...
