Defined benefit (DB) pensions and Social Security are two important resources for financing retirement in the United States. However, these illiquid, non-market forms of wealth are typically excluded from measures of net worth. To the extent that these broadly held resources substitute for...

We document the intergenerational persistence of wealth between adult offspring and their parent's using the Wealth and Assets Survey for Great Britain. We estimate an intergenerational wealth elasticity of 0.4 and rank-rank elasticity of 0.3 and find wealth persistence for individuals in their...

Income and wealth inequality rose over the first 150 years of U.S. history. They may have risen at times in Britain before 1875. The first half of this century equalized pre-fisc incomes more in Britain than in America. From the 1970s to the 1990s inequality rose in both countries, reversing...

Note: The following is a description of the paper and not the actual abstract as it appeared in the journal. A popular theme in the literature on environmental degradation is that environmental pollution is caused by social inequality. However, there has been little empirical testing of this...

Inequality has increased in many of the transition economies. At the same time, spending on education has declined. In this paper we survey the factors driving these changes. We then set up a small general equilibrium model to simulate the effect of different policy choices on the path of...

This paper relies on a model of wealth distribution dynamics and occupational choice to investigate the distributional consequences of policies and developments associated with transition from central planning to a market system. The model suggests that even an efficient privatization designed...

This paper develops a new combined-wealth measure by augmenting data on net worth from the Survey of Consumer Finances with estimates of defined benefit (DB) pension and expected Social Security wealth. We use this concept to explore retirement preparation among two groups of households in...

From a composite poverty indicator, the analysis of the level and evolution of multidimensional poverty in Togo between 1988 and 1998 emphasized a downward trend with the both relative and absolute thresholds considered. Over the two studied periods, non-monetary poverty appears very strongly...

This Article explores the United States Supreme Court’s role in furthering economic inequality. The Occupy Wall Street movement in 2011 not only highlighted growing income and wealth inequality in the United States, but also pointed the blame at governmental policies that favor business...

This chapter provides the attempt to quantify and decompose the degree of wealth-related inequalities in child malnutrition (compromised z-scores) for different socioeconomic complimentary sub-groups in India. The investigation starts with an assessment of the socioeconomic determinants for the...