Wealth Distribution

Edward N. Wolff

    Research output: Chapter in Book/Report/Conference proceedingChapter

    Abstract

    The principal assets in the USA in 2007 were homes (33% of total assets), business equity (20%), pension accounts (15%), and stocks and mutual funds (11%). The major sources of data on household wealth are estate tax data, household survey data, wealth tax data, and income capitalization techniques. Wealth inequality is typically measured by the share of total wealth controlled by the richest 1% of families. By this measure, there was a sharp increase in wealth inequality in the USA between 1983 and 1989, a decline from 1989 to 2001, and then a rise to 2010.

    Original languageEnglish (US)
    Title of host publicationInternational Encyclopedia of the Social & Behavioral Sciences: Second Edition
    PublisherElsevier Inc.
    Pages450-455
    Number of pages6
    ISBN (Electronic)9780080970875
    ISBN (Print)9780080970868
    DOIs
    StatePublished - Mar 26 2015

    Keywords

    • Consumer debt
    • Debt
    • Estate tax
    • Inequality
    • Mortgage debt
    • Portfolio composition
    • Savings
    • Survey data
    • Wealth
    • Well-being

    ASJC Scopus subject areas

    • Social Sciences(all)

    Fingerprint Dive into the research topics of 'Wealth Distribution'. Together they form a unique fingerprint.

  • Cite this

    Wolff, E. N. (2015). Wealth Distribution. In International Encyclopedia of the Social & Behavioral Sciences: Second Edition (pp. 450-455). Elsevier Inc.. https://doi.org/10.1016/B978-0-08-097086-8.71017-8