The Great Recession had a tremendous impact on low-income Americans, in particular black and Latino Americans. The losses in terms of employment and earnings are matched only by the losses in terms of real wealth. In many ways, however, these losses are merely a continuation of trends that have...

Despite decades of policies aimed at improving the economic position of African Americans in terms of relative income and earnings, they remain substantially behind whites. The research presented in this brief indicates that the wealth gap is even more staggering. Following families over time in...

Recent work on wealth inequality based on the capitalization method wherein aggregate wealth totals are distributed in proportion to various forms of income like dividends has motivated a concern about whether rates of return on assets vary across the wealth distribution. In this study, I use a...

Using the Panel Study of Income Dynamics, we investigate occupational and industrial mobility of individuals over the 1969-1980 and 1981-1993 periods in the U.S. We find that workers changed both occupations and industries more frequently in the later period. For example, occupational mobility...

Using the Panel Study of Income Dynamics, we investigate occupational and industrial mobility of individuals over the 1969-80 and 1981-93 periods in the United States. We find that workers changed both occupations and industries more frequently in the later period. For example, occupational...