Showing 1 - 10 of 59
Matching ; Survey of Consumer Finances ; Annual Demographic Supplement ; Distribution of Income and Wealth …
Persistent link: https://www.econbiz.de/10003727292
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/10008657962
Gender differences have long been documented in earnings, employment opportunities, and time spent within the unpaid care economy. This paper joins the recent efforts in the economics literature on gender differences in asset ownership. Specifically, it investigates whether a gender-specific...
Persistent link: https://www.econbiz.de/10003229775
Retirement wealth is often viewed as a great equalizer, offsetting the inequality in standard household net worth. One … Board's Survey of Consumer Finances, I find that retirement wealth (the sum of pension and Social Security wealth) had a … considerably weaker offsetting effect on wealth inequality in 2001 than in 1983. Whereas standard net worth inequality increased …
Persistent link: https://www.econbiz.de/10003229780
This working paper concerns the local origins of Russian-Jewish immigrants to the United States, circa 1900. New evidence is drawn from a large random sample of Russian-Jewish immigrant arrivals in the United States. It provides information on origins not merely by large regions, or even by the...
Persistent link: https://www.econbiz.de/10003720548
I find here that the early 2000s witnessed both exploding debt and the middle-class squeeze. While median wealth grew … as during the previous two decades. The racial and ethnic disparity in wealth holdings, after stabilizing during most of … the 1990s, widened in the years between 1998 and 2001, but then narrowed during the early 2000s. Wealth also shifted in …
Persistent link: https://www.econbiz.de/10003727029
Using a VAR model of the American economy from 1984 to 2003, we find that, contrary to official claims, the Federal Reserve does not target inflation or react to inflation signals.ʺ Rather, the Fed reacts to the very realʺ signal sent by unemployment, in a way that suggests that a baseless...
Persistent link: https://www.econbiz.de/10003727095
This paper begins by proposing two cardinal measures of inequality in life chances. Using as its database a matrix in which the lines correspond to the social category of parents and the columns to the income distribution of their children, it then highlights the importance of the marginal...
Persistent link: https://www.econbiz.de/10003727098
measure to account for one such determinant: household wealth. We then analyze the level and distribution of economic well … in that income from wealth is calculated as the sum of lifetime annuity from nonhome wealth and imputed rental … altered when money income is adjusted for wealth. Over the 1989-2000 period, median wellbeing appears to increase faster when …
Persistent link: https://www.econbiz.de/10003346727
Time and money are basic commodities in the utility function and are substitutes in real terms. To a certain extent, having time and money is a matter of either/or, depending on individual preferences and budget constraints. However, satisfaction with time and satisfaction with money are...
Persistent link: https://www.econbiz.de/10003346766