| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w24085
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| 来源ID | Working Paper 24085
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| Household Wealth Trends in the United States, 1962 to 2016: Has Middle Class Wealth Recovered? |
| Edward N. Wolff
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| 发表日期 | 2017-12-04
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| 出版年 | 2017
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| 语种 | 英语
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| 摘要 | Asset prices plunged between 2007 and 2010 but then rebounded from 2010 to 2016. The most telling finding is that median wealth plummeted by 44 percent over years 2007 to 2010. The inequality of net worth, after almost two decades of little movement, went up sharply from 2007 to 2010, and relative indebtedness for the middle class expanded. The sharp fall in median net worth and the rise in overall wealth inequality over these years are largely traceable to the high leverage of middle class families and the high share of homes in their portfolio. Mean and median wealth rebounded from 2010 to 2016, by 17 and 28 percent, respectively. While mean wealth surpassed its previous peak in 2007, median wealth was still down by 34 percent. More than 100 percent of the recovery in both was due to a high return on wealth but this factor was offset by negative savings. Relative indebtedness continued to fall for the middle class from 2010 to 2016, and wealth inequality increased somewhat. The racial and ethnic disparity in wealth holdings widened considerably between 2007 and 2016, and the wealth of households under age 45 declined in relative terms. |
| 主题 | Microeconomics
; Market Structure and Distribution
; Labor Economics
; Demography and Aging
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| URL | https://www.nber.org/papers/w24085
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581758
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推荐引用方式
GB/T 7714 |
Edward N. Wolff. Household Wealth Trends in the United States, 1962 to 2016: Has Middle Class Wealth Recovered?. 2017.
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文件名：
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w24085.pdf
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格式：
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Adobe PDF
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