The Resource A century of wealth in America, Edward N. Wolff

A century of wealth in America, Edward N. Wolff

Label
A century of wealth in America
Title
A century of wealth in America
Statement of responsibility
Edward N. Wolff
Creator
Author
Subject
Genre
Language
eng
Summary
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 issues in how to measure wealth in the first place. A Century of Wealth in America is not designed to advance one overarching argument; rather, its aim is to provide in one place the accurate information needed to consider many arguments. Still, Wolff presents no fewer than ten major findings in its pages. One of these is that median household wealth has recently returned to the levels of 1969. Another is that the average wealth of black families relative to white families has slipped significantly in recent years, after thirty years of stability. A third finding: the US has changed since 1950 from being one of the most equal countries in the developed world to being one of the most class-ridden. For many readers the book will serve as a complement to Thomas Piketty's Capital in the 21st Century. But while it reinforces Piketty's argument in many ways, it concentrates on wealth (as opposed to income), for example, and says much more about the poor. Wolff's ideas are also different than Piketty's on issues of inheritance (he's less worried about it) and the relationship between r (the rate of return to capital) and g (the overall rate of economic growth). He argues that inequality rises if r for the top one percent is greater than r for the middle class. Finally, thanks to its focus on America, the book provides much more fine-grained detail about the country, not least about the demographics of wealth and poverty.--
Assigning source
Provided by publisher
Cataloging source
MH/DLC
http://library.link/vocab/creatorName
Wolff, Edward N
Dewey number
339.20973/0904
Illustrations
illustrations
Index
index present
LC call number
HC110.W4
LC item number
W6469 2017
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Wealth
  • Wealth
  • Households
  • Households
  • United States
  • United States
  • United States
  • United States
  • Wealth
  • Households
  • Economic history
  • Vermögensverteilung
  • Finanzkrise
  • Mittelstand
  • USA
  • Wealth
  • Wealth
  • United States
  • United States
  • United States
Label
A century of wealth in America, Edward N. Wolff
Instantiates
Publication
Copyright
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
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
Dimensions
25 cm
Extent
xv, 865 pages
Isbn
9780674495142
Lccn
2017011157
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
System control number
  • (OCoLC)981761478
  • (OCoLC)ocn981761478
Label
A century of wealth in America, Edward N. Wolff
Publication
Copyright
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
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
Dimensions
25 cm
Extent
xv, 865 pages
Isbn
9780674495142
Lccn
2017011157
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
System control number
  • (OCoLC)981761478
  • (OCoLC)ocn981761478

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