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Inflation, Interest, and the Secular Rise in Wealth Inequality in the U.S : Is the Fed Responsible?
Wolff, Edward N. - National Bureau of Economic Research - 2021
in inflation. Coincident with these trends has been a surge in U.S. wealth inequality, with the Gini coefficient up by 0 …, this paper differs from previous work by focusing on only the direct effects of interest rate changes and inflation on the …
Persistent link: https://www.econbiz.de/10012660070
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Inflation, interest, and the secular rise in wealth inequality in the United States : is the Fed responsible?
Wolff, Edward N. - In: Journal of economic issues 58 (2024) 1, pp. 244-285
Persistent link: https://www.econbiz.de/10014575717
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International comparisons of wealth inequality
Wolff, Edward N. - In: The review of income and wealth : journal of the … 42 (1996) 4, pp. 433-451
Persistent link: https://www.econbiz.de/10001210964
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Is There Really an Inflation Tax? Not For the Middle Class and the Ultra-Wealthy
Wolff, Edward N. - National Bureau of Economic Research - 2023
One hallmark of U.S. monetary policy since the early 1980s has been moderation in inflation (at least, until recently …). How has this affected household well-being? The paper first develops a new model to address this issue. The inflation tax … long as inflation is positive). The inflation gain on household wealth is the revaluation resulting from asset price …
Persistent link: https://www.econbiz.de/10014421200
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Inheritances and the distribution of wealth or whatever happened to the great inheritance boom?
Wolff, Edward N.; Gittleman, Maury - 2011
We found that on average over the period from 1989 to 2007, 21 percent of American households at a given point of time received a wealth transfer and these accounted for 23 percent of their net worth. Over the lifetime, about 30 percent of households could expect to receive a wealth transfer and...
Persistent link: https://www.econbiz.de/10011605346
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The impact of IT investment on income and wealth inequality in the postwar US economy
Wolff, Edward N. - 2001
Persistent link: https://www.econbiz.de/10010279115
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Racial wealth disparities: Is the gap closing?
Wolff, Edward N. - 2001
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...
Persistent link: https://www.econbiz.de/10010280316
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Asset poverty in the United States: Its persistence in an expansionary economy
Caner, Asena; Wolff, Edward N. - 2004
Economic growth and a rising stock market in the 1990s gave the impression that everyone was accumulating wealth and asset poverty rates were declining. The impression was supported by the official, income-based poverty measure, which exhibited a sharp decline. According to Senior Scholar Edward...
Persistent link: https://www.econbiz.de/10010280356
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Recent trends in household wealth in the United States: Rising debt and the middle-class squeeze - An update to 2007
Wolff, Edward N. - 2010
I find here that the early and mid-aughts (2001 to 2007) witnessed both exploding debt and a consequent 'middle-class squeeze.' Median wealth grew briskly in the late 1990s. It grew even faster in the aughts, while the inequality of net worth was up slightly. Indebtedness, which fell...
Persistent link: https://www.econbiz.de/10010281726
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Trends in household wealth in the United States : 1962 - 1983 and 1983 - 1989
Wolff, Edward N. - 1994
Persistent link: https://www.econbiz.de/10000889422