Showing 1 - 10 of 155
Retirement wealth is often viewed as a great equalizer, offsetting the inequality in standard household net worth. One … considerably weaker offsetting effect on wealth inequality in 2001 than in 1983. Whereas standard net worth inequality increased … modestly between 1983 and 2001, the inequality of augmented wealth (the sum of retirement wealth and net worth) surged from …
Persistent link: https://www.econbiz.de/10010266432
household's total command over economic resources in the six years between 1999 and 2005. Although inequality in economic well …
Persistent link: https://www.econbiz.de/10010281720
Piketty (2017) argues in favor of a multidimensional and relational approach to the analysis of wealth inequality … countries. We discuss many potential advantages of this class typology in measuring and analyzing wealth and wealth inequality … approach by focusing on different functions of wealth. We operationalize functions of wealth by empirically analyzing the …
Persistent link: https://www.econbiz.de/10013370140
evolution of wealth inequality measures. Our findings suggest that expansionary monetary policy shocks lead to an increase in … wealth inequality and contributed significantly to its fluctuations. This effect is heterogenous across the wealth …We use detailed micro information at household level from the Wealth and Assets Survey to construct measures of wealth …
Persistent link: https://www.econbiz.de/10012144236
Substantial racial disparities continue to persist in the prevalence of preterm births and lowbirth-weight births. Health policy aimed at reducing these disparities could be better targeted if the differences in birth outcomes are better understood. This study decomposes these racial disparities...
Persistent link: https://www.econbiz.de/10010292252
This paper examines racial disparities in mortgage processing time prior to the global financial crisis. We find that Black borrowers are underrepresented and experience a longer processing time than White borrowers among the mortgages securitized by government-sponsored enterprises. At the same...
Persistent link: https://www.econbiz.de/10014278262
An oft-touted benefit of homeownership is the ability to build and access equity, and in recent years the amount of "tappable" home equity held by US homeowners has reached historic levels. But more than one-quarter of recent applications for mortgage equity withdrawal (MEW) loan products were...
Persistent link: https://www.econbiz.de/10014388413
The Great Recession had a devastating impact on labor force participation and employment. This impact was not unlike other recessions, except in size. The recovery, however, has been unusual not so much for its sluggishness but for the unusual pattern of recovery in employment by race. The black...
Persistent link: https://www.econbiz.de/10012142962
percent replacement rates, respectively. Moreover, retirement wealth is very unevenly distributed. Whites and married couples … had substantially larger wealth accumulations than their respective counterparts. …
Persistent link: https://www.econbiz.de/10010266633
This paper presents a comparative analysis of the approaches to poverty based on income and wealth that have been … proposed in the literature. Two types of approaches are considered: those that look at income and wealth separately when … argue that the higher correlation between income and wealth in the United States contributes to explaining the greater …
Persistent link: https://www.econbiz.de/10010286491