Abstract
We investigate the relationship between access to credit and wealth accumulation to understand the rising wealth inequality. Empirical results suggest an asymmetric heterogeneity over the whole range of wealth distribution. There is a significantly negative relationship between household debt and wealth accumulation for poor households but a significantly positive relationship for wealthy households. Wealthy households could better benefit from the investment debt, but poor households fail. We discuss the two channels of entrepreneurship and investment behaviors. This paper contributes to the literature on wealth distribution by mapping the relationships between the credit market and household wealth accumulation.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
