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Much discussion treats the working definitions of wealth and income as if they were self-evident, but definitional … choices can make substantial differences in the overall picture. To provide a clear basis on which to examine family wealth … concepts. Using the measures developed, the paper examines the distributions of wealth and income and their joint properties …
Persistent link: https://www.econbiz.de/10004965403
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Over the period from 1989 to 2001, wealth in real terms grew broadly across U.S. families. Characterizing … list, that wealth grew relatively strongly at the very top of the distribution. At the same time, the share of total … household wealth held by the Forbes group rose. However, while the point estimate of the share of total wealth held by the …
Persistent link: https://www.econbiz.de/10005512984
This paper considers changes in the distribution of the wealth of U.S. families over the 1989-2004 period using data … indications that wealth became more concentrated, but the result does not hold unambiguously across a set of plausible measures …. For example, the Gini coefficient shows significant increases in the concentration of wealth from 1989 to 2004, but the …
Persistent link: https://www.econbiz.de/10005394198
wealth for U.S. households in 1989 and 1992, and estimate the effects of pension wealth on non-pension net worth. As expected … of the effects of pension wealth on other types of savings indicates that there is a negative effect of defined benefit …
Persistent link: https://www.econbiz.de/10005393964
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the basis of a "wealth index" constructed largely from observed income flows, with the intent of heavily oversampling … wealthy households. Although the SCF is not specifically designed to estimate wealth concentration, the design arguably … by using tax-based data directly, by using a construct very close to a key part of the SCF wealth index. Such an approach …
Persistent link: https://www.econbiz.de/10011708254