By Edward N. Wolff

ISBN-10: 1845421167

ISBN-13: 9781845421168

The participants to this finished publication bring together and examine the most recent information to be had on loved ones wealth utilizing, as case reports, the U.S., Canada, Germany, Italy, Sweden, and Finland through the Nineties and into the twenty-first century. The authors convey that within the US, traits are highlighted when it comes to wealth holdings, one of the low-income inhabitants, besides alterations in wealth polarization, racial modifications in wealth holdings, and the dynamics of portfolio offerings. The consensus among the authors is that wealth inequality has typically risen between those OECD international locations because the early Eighties, even though Germany stands out as an exception. with regards to the U.S., it's also famous that wealth holdings have in general didn't enhance between low-income households and that the racial wealth hole widened through the past due Eighties.

International views on family Wealth additionally comprises new effects on a couple of subject matters, together with measures and adjustments of wealth polarization within the US, dimension and alterations of portfolio span within the US, asset holdings of low-income families within the US, and the consequences of parental assets on asset holdings in Chile.

Academic, executive, and public coverage economists in OECD international locations, as good as these in so-called middle-income international locations all over the world, will locate a lot to interact them inside this booklet. it is going to additionally attract teachers and researchers of foreign and welfare economics and different social scientists drawn to the difficulty of inequality.

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5 Share Amounta 95–99 RESDBT INSTALL OTHLOC CCBAL ODEBT Memo items: EQUITY 43 INCOME # observations # families (millions) Min. 8 Notes: Standard errors of the estimates are in italics below each estimate. a. In billions of 2001 dollars. b. 1 for definitions of wealth components. Sources: Author’s calculations based on the SCF. 8 (continued) Wealth percentile group All families CCBAL ODEBT Memo items: EQUITY 46 INCOME # observations # families (millions) Min. 5 Negative Notes: Standard errors of the estimates are in italics below each estimate.

3 Forbes 400 wealth rank in 2001 by rank in 1989, 1992, 1995 and 1998 (number of families) Year/rank Not in 2001 2001 rank All groups 1–100 101–200 201–300 301–400 1989 rank Not in 1989 1–100 101–200 201–300 301–400 All groupsa 0 34 55 70 71 230 32 45 17 4 2 100 66 5 10 8 11 100 62 8 12 9 9 100 70 8 6 9 7 100 230 100 100 100 100 630 1992 rank Not in 1992 1–100 101–200 201–300 301–400 All groupsa 0 28 44 57 81 210 21 55 15 7 2 100 61 8 15 13 3 100 62 7 15 11 5 100 66 2 11 12 9 100 210 100 100 100 100 610 1995 rank Not in 1995 1–100 101–200 201–300 301–400 All groupsa 0 18 29 45 61 153 12 67 12 7 2 100 46 10 26 7 11 100 44 3 23 20 10 100 51 2 10 21 16 100 153 100 100 100 100 553 1998 group Not in 1998 1–100 101–200 201–300 301–400 All groupsa 0 7 4 27 57 95 4 81 13 1 1 100 20 7 53 15 5 100 31 5 28 26 10 100 40 0 2 31 27 100 95 100 100 100 100 495 Note: a.

The next three sections look in detail at subgroups of the population: families with negative wealth, the age cohort that was aged 46 to 55 in 2001, and African American families. A summary ends the chapter. 2 Because members of the ‘Forbes 400’ are personally identified, changes in the wealth of the group are more likely to have a disproportionately large influence on popular perceptions of changes in the distribution of wealth overall than the great mass of other people who are less wealthy. 3 From 1989 to 1995, overall mean wealth of the group was fairly flat, as was the level of wealth at most of the ranks of the distribution of this population up to around the top 50.

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International Perspectives On Household Wealth by Edward N. Wolff


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