Wealth Distribution

Edward N. Wolff

doi:10.1016/B978-0-08-097086-8.71017-8

Wealth Distribution

Edward N. Wolff

Research output: Chapter in Book/Report/Conference proceeding › Chapter

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 language	English (US)
Title of host publication	International Encyclopedia of the Social & Behavioral Sciences: Second Edition
Publisher	Elsevier Inc.
Pages	450-455
Number of pages	6
ISBN (Electronic)	9780080970875
ISBN (Print)	9780080970868
DOIs	https://doi.org/10.1016/B978-0-08-097086-8.71017-8
State	Published - Mar 26 2015

Keywords

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

ASJC Scopus subject areas

General Social Sciences

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10.1016/B978-0-08-097086-8.71017-8

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KW - Consumer debt

KW - Debt

KW - Estate tax

KW - Inequality

KW - Mortgage debt

KW - Portfolio composition

KW - Savings

KW - Survey data

KW - Wealth

KW - Well-being

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ER -

Wealth Distribution

Abstract

Keywords

ASJC Scopus subject areas

Access to Document

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