Inequality and Market Concentration: New Evidence from Australia

IF 1.9 3区经济学 Q2 ECONOMICS

Review of Income and Wealth Pub Date : 2024-01-31 DOI:10.1111/roiw.12679

Lachlan Hotchin, Andrew Leigh

引用次数: 0

Abstract

Are excessively concentrated markets inequitable as well as inefficient? We explore this issue by analyzing the degree of market concentration in the industries where Australia's wealthiest made their fortunes. Compared with the economy at large, we find that top wealth holders have tended to make their fortunes in industries with a higher-than-average degree of market concentration. Top wealth shares have grown substantially, and from 1990 to 2020, there appears to have been an increase in the propensity of top wealth holders to make their fortunes in highly concentrated industries.

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不平等与市场集中：澳大利亚的新证据

过度集中的市场是否既不公平又无效率？我们通过分析澳大利亚最富有者发家致富的行业的市场集中程度来探讨这个问题。与整体经济相比，我们发现顶级富豪往往在市场集中度高于平均水平的行业中发家致富。顶级财富份额大幅增长，从 1990 年到 2020 年，顶级财富拥有者在高度集中的行业中发家致富的倾向似乎有所增加。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Review of Income and Wealth ECONOMICS-

CiteScore

4.00

自引率

10.00%

发文量

期刊介绍： The major objective of the Review of Income and Wealth is to advance knowledge on the definition, measurement and interpretation of national income, wealth and distribution. Among the issues covered are: - national and social accounting - microdata analyses of issues related to income and wealth and its distribution - the integration of micro and macro systems of economic, financial, and social statistics - international and intertemporal comparisons of income, wealth, inequality, poverty, well-being, and productivity - related problems of measurement and methodology