Existing empirical schemas of class structure do not specify the capitalist class in an adequate manner. We propose a schema in which the specification of capitalist households is based on wealth thresholds. Individuals in non-capitalist households are assigned class locations based on their...

Standard official measures of household economic well-being in several countries are based on money income. The general consensus is that such measures are limited because they ignore certain crucial determinants of well-being. We examine two such determinants--household wealth and public...

Profitability in the US has been rising since the early 1980s and by 1997 was at its highest level since its post-World War II peak in the mid-1960s, and the profit share, by one definition, at its highest point. In this paper, I examine the role of the change in the profit share and capital...