Accounting for the U.S. Wealth Inequality with Heterogeneous Portfolio Performance

2009 ◽  
Author(s):  
Yosef Bonaparte
Keyword(s):  
Wealth Inequality ◽  
Portfolio Performance ◽  
The U.S

scholarly journals Using Trend Ratio and GNQTS to Assess Portfolio Performance in the U.S. Stock Market

IEEE Access ◽  
2021 ◽  
pp. 1-1
Author(s):  
Yao-Hsin Chou ◽  
Yun-Ting Lai ◽  
Yu-Chi Jiang ◽  
Shu-Yu Kuo
Keyword(s):  
Stock Market ◽  
Portfolio Performance ◽  
The U.S

scholarly journals Is the U.S. Retirement System Contributing to Rising Wealth Inequality?

2016 ◽  
Vol 2 (6) ◽  
pp. 59 ◽  
Author(s):  
Sebastian Devlin-Foltz ◽  
Alice Henriques ◽  
John Sabelhaus
Keyword(s):  
Wealth Inequality ◽  
Retirement System ◽  
The U.S

scholarly journals The Value Of International Equity Diversification: An Empirical Test

2011 ◽  
Vol 8 (1) ◽  
pp. 38 ◽  
Author(s):  
Larry J. Johnson ◽  
Carl H. Walther
Keyword(s):  
Portfolio Management ◽  
Management Strategy ◽  
Empirical Test ◽  
International Diversification ◽  
Portfolio Performance ◽  
Active Portfolio Management ◽  
International Equity ◽  
Depository Receipts ◽  
The U.S

Three types of foreign equities traded in the U.S. capital marketsAmerican Depository Receipts, Direct Foreign Shares, and International Mutual Fundswere examined using active portfolio management strategy. These equities were studied from 1983 to 1986 to evaluate them empirically as a form of international diversification. The findings suggest that such foreign diversification, when guided by practitioner-feasible portfolio management, can substantially contribute to the performance of active portfolio management. However, not all foreign equities examined appeared to equally contribute to portfolio performance.

scholarly journals Emerging Equity Markets: To Invest Or Not To Invest?

2011 ◽  
Vol 22 (1) ◽  
Author(s):  
Xavier Garza-Gómez ◽  
Massoud Metghalchi
Keyword(s):  
Stock Market ◽  
Emerging Markets ◽  
Equity Markets ◽  
Portfolio Performance ◽  
Specific Time ◽  
Ex Post ◽  
Time Periods ◽  
The U.S ◽  
Over Time

Numerous studies suggest that investors diversifying their portfolios with equity of emerging markets benefit from increased returns and/or reduced volatility. Using a 16-year sample from 1988 to 2003, we test this assertion and find that ex-post benefits to U.S. investors in this period are small. Our tests show that the improvement in portfolio performance is not consistent through time, and it is statistically significant only when we restrict our analysis to some regions and/or specific time periods. We find that the lack of significant gains of diversifying into emerging markets is caused by problems with the two main sources of diversification benefits: contrary to expectations, emerging markets have low relative realized returns and their correlation with the U.S. stock market has increased over time.

Economic Inequality, the Digital Divide, and Remote Learning During COVID-19

2021 ◽  
pp. 003464462110177
Author(s):  
Dania V. Francis ◽  
Christian E. Weller
Keyword(s):  
Digital Divide ◽  
Intergenerational Transmission ◽  
Race And Ethnicity ◽  
Electronic Device ◽  
Wealth Inequality ◽  
Educational Opportunities ◽  
Housing Instability ◽  
Learning Time ◽  
The U.S ◽  
Remote Learning

Wealth and education establish a cycle of intergenerational inequality. Wealthier households can provide more educational opportunities for their children, who then will have more chances to build wealth for themselves. The digital divide may have emerged as a key reinforcing mechanism of education through wealth and of future wealth through education during the pandemic. The intergenerational transmission of racial wealth inequality likely played out at rapid speed during the pandemic. We analyze the link between wealth, reliable internet and electronic device availability, remote learning time, race, and ethnicity, using the U.S. Census Bureau's Household Pulse Survey. We conclude that Black and Hispanic/Latinx households have less reliable internet and devices available. This goes along with fewer hours children spend on remote learning. The lack of internet and devices correlates with less wealth, as reflected in lower homeownership rates and greater housing instability. Black and Hispanic/Latinx households, in particular, are more likely to be renters and face housing instability.

scholarly journals COVID-19 and instability of stock market performance: evidence from the U.S.

2021 ◽  
Vol 7 (1) ◽  
Author(s):  
Hui Hong ◽  
Zhicun Bian ◽  
Chien-Chiang Lee
Keyword(s):  
Stock Market ◽  
Linear Time ◽  
Market Performance ◽  
Price Volatility ◽  
Wealth Inequality ◽  
Return Predictability ◽  
Theory And Practice ◽  
Link Type ◽  
Stock Market Performance ◽  
The U.S

AbstractThe effect of COVID-19 on stock market performance has important implications for both financial theory and practice. This paper examines the relationship between COVID-19 and the instability of both stock return predictability and price volatility in the U.S over the period January 1st, 2019 to June 30th, 2020 by using the methodologies of Bai and Perron (Econometrica 66:47–78, 1998. 10.2307/2998540; J Appl Econo 18:1–22, 2003. 10.1002/jae.659), Elliot and Muller (Optimal testing general breaking processes in linear time series models. University of California at San Diego Economic Working Paper, 2004), and Xu (J Econ 173:126–142, 2013. 10.1016/j.jeconom.2012.11.001). The results highlight a single break in return predictability and price volatility of both S&P 500 and DJIA. The timing of the break is consistent with the COVID-19 outbreak, or more specifically the stock selling-offs by the U.S. senate committee members before COVID-19 crashed the market. Furthermore, return predictability and price volatility significantly increased following the derived break. The findings suggest that the pandemic crisis was associated with market inefficiency, creating profitable opportunities for traders and speculators. Furthermore, it also induced income and wealth inequality between market participants with plenty of liquidity at hand and those short of funds.

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