全球智库信息集成服务系统(G2TT): DP13864 The College Wealth Divide: Education and Inequality in America, 1956-2016

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来源类型	Discussion paper
规范类型	论文
来源ID	DP13864
	DP13864 The College Wealth Divide: Education and Inequality in America, 1956-2016
	Alina Bartscher; Moritz Kuhn; Moritz Schularick
发表日期	2019-07-14
出版年	2019
语种	英语
摘要	Using new long-run micro data, this paper studies wealth and income trends of college and non-college households in the United States since 1956. We document the emergence of a substantial college wealth premium since the 1980s, which is considerably larger than the college income premium. Over the past four decades, the wealth of American households with a college-educated head has tripled. By contrast, the wealth of non-college households has barely grown in real terms over the same period. Part of the rising wealth gap can be traced back to systematic portfolio differences between college and non-college households that give rise to different exposures to asset price changes. Non-college households have a lower exposure to the equity market and have profited much less from the recent surge in the stock market. We also discuss the importance of financial literacy and business ownership for the increase in wealth inequality between college and non-college households.
主题	Economic History ; Labour Economics ; Macroeconomics and Growth
关键词	Wealth Inequality Education College wealth premium
URL	https://cepr.org/publications/dp13864
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/542740
推荐引用方式 GB/T 7714	Alina Bartscher,Moritz Kuhn,Moritz Schularick. DP13864 The College Wealth Divide: Education and Inequality in America, 1956-2016. 2019.