Wider participation in stockholding is often presumed to reduce wealth inequality. We measure and decompose changes in … US wealth inequality between 1989 and 2001, a period of considerable spread of equity culture. Inequality in equity … wealth is found to be important for net wealth inequality, despite equitys limited share. Our findings show that reduced …

Wider participation in stockholding is often presumed to reduce wealth inequality. We measure and decompose changes in … US wealth inequality between 1989 and 2001, a period of considerable spread of equity culture. Inequality in equity … wealth is found to be important for net wealth inequality, despite equity's limited share. Our findings show that reduced …

Using data from the Consumer Expenditure Survey we first document that the recent increase in income inequality in the … US has not been accompanied by a corresponding rise in consumption inequality. Much of this divergence is due to … different trends in within-group inequality, which has increased significantly for income but little for consumption. We then …

Using data from the Consumer Expenditure Survey we first document that the recent increase in income inequality in the … US has not been accompanied by a corresponding rise in consumption inequality. Much of this divergence is due to … different trends in within-group inequality, which has increased significantly for income but little for consumption. We then …