Income volatility and wealth volatility are central objects of investigation for the literature on income and wealth … U.S. over the last two decades. Contrary to our expectations, we find that in both countries wealth volatility reaches … significantly higher values than income volatility, the effect being mostly driven by changes in the market value of real estate …

Income volatility and wealth volatility are central objects of investigation for the literature on income and wealth … U.S. over the last two decades. Contrary to our expectations, we find that in both countries wealth volatility reaches … significantly higher values than income volatility, the effect being mostly driven by changes in the market value of real estate …

include wealth as well as income. Their study of asset poverty in the United States between 1984 and 1999 focuses on the lower …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 …