Showing 1 - 10 of 1,086
Recent estimates of US top wealth shares obtained by capitalizing income tax returns (Saez and Zucman, 2020; Smith … Exchange Commission data at the shareholder firm level show that billionaires' equity wealth is underestimated by a factor of 2 … undervalued by a factor of 1.2 and top-owned partnerships by up to 2.2. After incorporating these results, the top 0.01% wealth …
Persistent link: https://www.econbiz.de/10013362050
Income volatility and wealth volatility are central objects of investigation for the literature on income and wealth … U.S. over the last two decades. Contrary to our expectations, we find that in both countries wealth volatility reaches …
Persistent link: https://www.econbiz.de/10012480471
This paper presents new homogeneous series on top wealth shares from 1916 to 2000 in the United States using estate tax … return data. Top wealth shares were very high at the beginning of the period but have been hit sharply by the Great … wealth shares recovered in the early 1980s, but they are still much lower in 2000 than in the early decades of the century …
Persistent link: https://www.econbiz.de/10012468294
I discuss available evidence about the evolution of top wealth shares in the United States over the last one hundred … increase in wealth concentration and the other two methods showing at best a small increase. I discuss strengths and weaknesses … incomes and the increased importance of self-made wealth may explain difficulties in implementing each of the methods and …
Persistent link: https://www.econbiz.de/10012457932
By 1992, pensions and retiree health insurance represented one quarter of the wealth of families on the verge of … total wealth of each household in the Health and Retirement Study by $67,000 in 1992 dollars, raising wealth from employer … benefits among covered workers. All classes of wealth holders enjoyed increased wealth from employer provided retirement plans …
Persistent link: https://www.econbiz.de/10012471464
This paper describes the real wealth accumulation of American youth and relates this behavior to variations in real … price have two offsetting effects on wealth. First, the greater the local constant-quality price of housing, the greater the … wealth needed to meet the lender imposed down payment constraint if housing demand is price inelastic. However, increased …
Persistent link: https://www.econbiz.de/10012473216
Equity in housing is a major component of household wealth in the United States. Steady gains in housing prices over … the last several decades have generated large potential gains in household wealth among homeowners. Mankiw and Weil (1989 …
Persistent link: https://www.econbiz.de/10012474266
This paper examines the degree to which the elderly reduce homeownership as they age, and the factors which influence this process. We find that average levels of homeownership decline significantly with age, even when cohort effects are taken into consideration, and that the amount of housing...
Persistent link: https://www.econbiz.de/10012474858
, increased wealth in the rich country can stunt investment in the poor country …
Persistent link: https://www.econbiz.de/10012476167
This study estimates the magnitude of pension wealth and compares pension wealth to net worth for households in the … likely to be more accurate than the pension data used in previous studies. Pension wealth was estimated under two sets of … assumptions. Under the projected earnings approach, mean pension wealth is $98,291, which represents 43 percent of mean net worth …
Persistent link: https://www.econbiz.de/10012476628