Table 1 shows regressions of Swedish household portfolios beta for different brackets of the distribution of net wealth between 1999 and 2007 (standard errors are not reported). The table can be read as follows: if we distribute the households according to their net wealth from the less wealthy to the more wealthy ones, those, for example, that lie between 50% and 55% of the distribution (that is, they are more wealthy than the lower 50% but less wealthy than the top 45%) hold portfolios with average beta 0.748 (the first row in the table). How would you interpret the results? Could risk exposure be a factor explaining the wealth inequality? Explain your answer.

Table 1 Swedish household portfolios beta coefficients for different net wealth distribution percentiles

Percentiles	Beta coefficient
5055	0.748
5560	0.753
6065	0.756
6570	0.759
7075	0.762
7580	0.767
8085	0.774
8590	0.785
9095	0.802
9597.5	0.823
975-99	0.841
9999.9	0.876
100	0.912