Changes in Household Wealth in the 1980s and 1990s in the U.S

By E. Wolff. 2004

115 citations recorded by the source corpus.

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Citations in the corpus

Assets and liabilities, educational expectations, and children's college degree attainment (2011, background): “L O U I S 2 assets are related but distinct (Oliver & Shapiro 1995; Sherraden 1991; Wolff 1995), and asset inequality is more skewed than income inequality (Wolff, 2004).”
All that Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors (2008, background): “Thus, we define abnormal trading volume for stock i on day t, itAV to be 9 Wolff (2004) reports that over one-third of stock ownership—including direct ownership of shares and indirect ownership through mutual funds, trusts, and retirement accounts—of U.S. households is concentrated in the…”
Savings After Retirement: A Survey (2016, unknown): “More than one-third of total wealth (Wolff [98]) in the United States is held by households whose heads are over age 65.”
Inequality, stock market participation, and the equity premium (2013, unknown): “Wolff (2004) provides a detailed study of the SCF data.”
Wage stagnation, rising inequality and the financial crisis of 2008. (2013, background): “With more wealth in the hands of those with less to lose from risky investments, the total amount of wealth held in stocks as a share of total assets more than doubled from 1983 to the crash in 2001 (Wolff, 2004: 11).”
Risk Premiums and Macroeconomic Dynamics in a Heterogeneous Agent Model (2008, unknown): “This distribution implies a concentration of wealth and stock market participation that is very similar to the one typically measured in the US wealth distribution (see e.g. Wol¤, 2006).8 The representative agent (RA) model is not able to t the data as well both on the nancial and the real side.”
Conservative Protestants and Wealth: How Religion Perpetuates Asset Poverty1 (2008, background): “Although the benefits of wealth are significant, they are not enjoyed uniformly in the U.S. because asset ownership is highly concentrated (Keister 2000, 2005; Wolff 2004).”
House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy (2013, unknown): “24See Wol¤ (2006), Table 4.2, p. 113.”
The Impact of Monetary Policy Shocks on Stock Prices: Evidence from Canada and the United States (2010, background): “In this framework, given that households divide a fixed amount of wealth between a (riskless) bond portfolio and domestic money holdings, one can write 2In the United States, either directly or indirectly, more than two thirds of the households own financial securities (Wolff, 2006: Table 5).”
The distribution of wealth and …scal policy in economies with …nitely lived agents (2008, unknown): “…income are particularly subject to idiosyncratic risk: ownership of principal residence and private business equity, which account for, respectively, 28.2% and 27% of household wealth in the U.S., according to the 2001 Survey of Consumer Finances (Wol¤, 2004 and Bertaut-Starr-McCluer, 2002).”
Income Inequality and Income Segregation1 (2011, background): “…families to buy housing in communities where their current income may be insufficient and provides a financial cushion during unstable times, such as temporary unemployment, illness, or divorce, and so enables families to remain in their home when their income cannot support them (Wolff 2006).”
Household wealth and the measurement of economic well-being in the United States (2009, background): “21 Wolff [29] reports that in 2001 while white households held 25.”