Changing inequality of wealth
Article Abstract:
The trends in the distribution of household wealth were studied. The research indicates that wealth inequality declined after 1929, increased by 1939, decreased between 1939 and 1945, remained relatively steady until the 1970s, dropped between 1972 and 1976 and rose between 1976 and 1981. Families between 45 and 69 years of age represented 66% of total wealth in 1983. The relative income differential between blacks and whites changed little from 1967 to 1989. Home-ownership rates for blacks increased in the 1940s and 1960s, but not in the 1970s.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1992
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Recent trends in the size distribution of household wealth
Article Abstract:
Empirical evidence shows that household wealth inequality is becoming more pronounced. An analysis of the 1983, 1989, 1992 and 1995 Survey of Consumer Finances conducted by the Federal Reserve Board revealed this trend. The only households whose net worth and financial wealth increased in absolute terms between 1983 and 1995 were those belonging in the top 20% of their respective distributions, with the top 1% posting strong gains. All other households experienced real wealth or income losses, particularly those at the bottom of the group.
Publication Name: Journal of Economic Perspectives
Subject: Economics
ISSN: 0895-3309
Year: 1998
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The productivity slowdown: the culprit at last? Follow-up on Hulten and Wolff
Article Abstract:
The slumping productivity observed in the 1970s is investigated. Data from the Organization for Economic Cooperation and Development countries of France, the UK, Germany, the Netherlands, Japan and the US are analyzed. Results show that the vintage effect is a strong determinant of the productivity slowdown among the countries after 1973, accounting for around two-fifths of the slump on average.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1996
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