Stock Market Developments, Income Inequality, Wealth Inequality

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class="card-text"><strong>Abstract:</strong></p> This paper examines the possible effects of stock market developments by channels on income and wealth inequality. We use the Bayesian Multilevel Model with the explanatory variables of the market鈥檚 channels, such as accessibility, efficiency, and market health in six selected countries: the US, UK, Japan, Vietnam, Thailand, and Malaysia. We found that generally, the improvements in the stock market alleviate income inequality. However, stock market expansions in higher-income countries are likely to trigger income inequality. We also found that while enhancing the quality of channels of the stock market has counter-effects on wealth equality distributions, open accessibilities help reduce wealth inequality distributions within the scope of the study. In addition, the inverted U-shaped hypothesis seems not to be valid in six selected countries between the period from 2006 to 2020. <iframe src="https://publications.waset.org/abstracts/160922.pdf" style="width:100%; height:400px;" frameborder="0"></iframe> <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=Bayesian%20multilevel%20model" title="Bayesian multilevel model">Bayesian multilevel model</a>, <a href="https://publications.waset.org/abstracts/search?q=income%20inequality" title=" income inequality"> income inequality</a>, <a href="https://publications.waset.org/abstracts/search?q=inverted%20u-shaped%20hypothesis" title=" inverted u-shaped hypothesis"> inverted u-shaped hypothesis</a>, <a href="https://publications.waset.org/abstracts/search?q=stock%20market%20development" title=" stock market development"> stock market development</a>, <a href="https://publications.waset.org/abstracts/search?q=wealth%20inequality" title=" wealth inequality"> wealth inequality</a> </p> <a href="https://publications.waset.org/abstracts/160922/stock-market-developments-income-inequality-wealth-inequality" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/160922.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">112</span> </span> </div> </div> </div> </main> <footer> <div id="infolinks" class="pt-3 pb-2"> <div class="container"> <div style="background-color:#f5f5f5;" class="p-3"> <div class="row"> <div class="col-md-2"> <ul class="list-unstyled"> About <li><a href="https://waset.org/page/support">About Us</a></li> <li><a href="https://waset.org/page/support#legal-information">Legal</a></li> <li><a target="_blank" rel="nofollow" href="https://publications.waset.org/static/files/WASET-16th-foundational-anniversary.pdf">WASET celebrates its 16th foundational 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Stock Market Developments, Income Inequality, Wealth Inequality