Women, wealth and mobility:
The extent of and changes in inter-generational mobility of wealth are central to understanding dynamics of wealth inequality but hard to measure. Using estate tax returns data, we observe that the share of women among the very wealthy (top 0.01%) in the United States peaked in the late 1960s, reach...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2007
|
| Schriftenreihe: | Working paper series / National Bureau of Economic Research
13162 |
| Online-Zugang: | Volltext |
| Zusammenfassung: | The extent of and changes in inter-generational mobility of wealth are central to understanding dynamics of wealth inequality but hard to measure. Using estate tax returns data, we observe that the share of women among the very wealthy (top 0.01%) in the United States peaked in the late 1960s, reaching almost 50%. Three decades on, women's share had declined to one third, a return to pre-war levels. We argue that this pattern mirrors the relative importance of inherited vs. self-made wealth in the economy and thus the gender-composition of the wealthiest may serve as a proxy for inter-generational wealth mobility. This proxy for "dynastic wealth'' suggests that wealth mobility in the past century decreased until the 1970s and rose thereafter, a pattern consistent with technological change driving long term trends in income inequality and mobility. Greater wealth mobility in recent decades is also consistent with the simultaneous rise in top income shares and relatively stable wealth concentration. |
| Beschreibung: | Literaturverz. S. 24 - 26 |
| Beschreibung: | 44 S. graph. Darst. 22 cm |
Internformat
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| 520 | 8 | |a The extent of and changes in inter-generational mobility of wealth are central to understanding dynamics of wealth inequality but hard to measure. Using estate tax returns data, we observe that the share of women among the very wealthy (top 0.01%) in the United States peaked in the late 1960s, reaching almost 50%. Three decades on, women's share had declined to one third, a return to pre-war levels. We argue that this pattern mirrors the relative importance of inherited vs. self-made wealth in the economy and thus the gender-composition of the wealthiest may serve as a proxy for inter-generational wealth mobility. This proxy for "dynastic wealth'' suggests that wealth mobility in the past century decreased until the 1970s and rose thereafter, a pattern consistent with technological change driving long term trends in income inequality and mobility. Greater wealth mobility in recent decades is also consistent with the simultaneous rise in top income shares and relatively stable wealth concentration. | |
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| id | DE-604.BV023593071 |
| illustrated | Illustrated |
| index_date | 2024-07-02T22:41:31Z |
| indexdate | 2024-07-09T21:25:14Z |
| institution | BVB |
| language | English |
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| physical | 44 S. graph. Darst. 22 cm |
| publishDate | 2007 |
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| publisher | National Bureau of Economic Research |
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| spelling | Edlund, Lena 1967- Verfasser (DE-588)123307163 aut Women, wealth and mobility Lena Edlund ; Wojciech Kopczuk Cambridge, Mass. National Bureau of Economic Research 2007 44 S. graph. Darst. 22 cm txt rdacontent n rdamedia nc rdacarrier Working paper series / National Bureau of Economic Research 13162 Literaturverz. S. 24 - 26 The extent of and changes in inter-generational mobility of wealth are central to understanding dynamics of wealth inequality but hard to measure. Using estate tax returns data, we observe that the share of women among the very wealthy (top 0.01%) in the United States peaked in the late 1960s, reaching almost 50%. Three decades on, women's share had declined to one third, a return to pre-war levels. We argue that this pattern mirrors the relative importance of inherited vs. self-made wealth in the economy and thus the gender-composition of the wealthiest may serve as a proxy for inter-generational wealth mobility. This proxy for "dynastic wealth'' suggests that wealth mobility in the past century decreased until the 1970s and rose thereafter, a pattern consistent with technological change driving long term trends in income inequality and mobility. Greater wealth mobility in recent decades is also consistent with the simultaneous rise in top income shares and relatively stable wealth concentration. Kopczuk, Wojciech Verfasser (DE-588)128979070 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.> NBER working paper series 13162 (DE-604)BV002801238 13162 http://papers.nber.org/papers/w13162.pdf kostenfrei Volltext |
| spellingShingle | Edlund, Lena 1967- Kopczuk, Wojciech Women, wealth and mobility |
| title | Women, wealth and mobility |
| title_auth | Women, wealth and mobility |
| title_exact_search | Women, wealth and mobility |
| title_exact_search_txtP | Women, wealth and mobility |
| title_full | Women, wealth and mobility Lena Edlund ; Wojciech Kopczuk |
| title_fullStr | Women, wealth and mobility Lena Edlund ; Wojciech Kopczuk |
| title_full_unstemmed | Women, wealth and mobility Lena Edlund ; Wojciech Kopczuk |
| title_short | Women, wealth and mobility |
| title_sort | women wealth and mobility |
| url | http://papers.nber.org/papers/w13162.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT edlundlena womenwealthandmobility AT kopczukwojciech womenwealthandmobility |