The paper is cited in the Economic Report of the President.
A paper by co-authored by Martin Schmalz, Professor of Finance at Oxford Saïd, has been quoted in the US President’s high profile Economic Report (ERP) - America’s annual economic report card which provides an overview of the country’s economic progress.
The research (Inequality and Market Concentration, When Shareholding Is More Skewed than Consumption) provides evidence to support the idea that market power may increase economic inequality.
These findings have been cited in the ERP to justify a view that, where companies have the power to manipulate the price of products on the market, they are earning higher profits by raising prices, then transferring wealth from consumers and workers to shareholders. Because shareholders are - on average - wealthier, this increases inequality.