A century of wealth in America /
Edward Wolff, one of the country's leading experts on household wealth, here provides a comprehensive study of wealth in America since 1910. The century brought shifting patterns in the ownership of wealth. Wolff explains the changes, offers ideas about how to reduce inequality and explores iss...
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| Format: | Book |
| Language: | English |
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Cambridge, Massachusetts :
Belknap Press of Harvard University Press,
[2017]
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Table of Contents:
- I. Recent developments in personal wealth: Plan of the book and historical backdrop
- Trends in household wealth, 1962 to 2013
- Changing portfolio composition and the rate of return on household wealth
- International comparisons of household wealth inequality
- II. Mechanisms behind changing wealth inequality: Deconstructing wealth trends, 1983-2013
- Age-wealth profiles and the life cycle model: implications for wealth accumulation
- Inheritances and the distribution of wealth
- The role of social security and private pensions
- III. Who are the rich and the poor?: Wealth differences among socio-economic groups
- Who are the rich? A demographic profile of high-income and high-wealth Americans
- The persistence of asset poverty
- IV. Wealth over the long term: Long-term trends in aggregate household wealth
- Long-term trends in the concentration of household wealth
- V. Tax policy and conclusion: Wealth taxation
- Summary of principal findings and concluding comments.