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Wealth of a Nation

A Reassessment of Asset Inequality in America Shows At Least One Third of Households Are Asset-poor

Bibliographic Data

ID2801351
AuthorsMelvin L Oliver, Thomas M Shapiro (Northeastern University)
Year1990
Volume49
Issue2
Pages129-151
Publication date1990-04-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueAmerican Journal of Economics and Sociology (JOURNAL)
Journal identifiersISSN: 0002-9246 • E-ISSN: 1536-7150
PublisherWiley (PUBLISHER • GB)
DOI10.1111/j.1536-7150.1990.tb02268.x
OpenAlexW2136181374
LanguageEN
Citations received26

In order to determine whether the distribution of wealth in American society uncovers deeper fault lines of inequality than income alone, data from the 1984 Survey of Income and Program Participation is examined. The findings indicate that: (1) aggregate shares of wealth held by households are distributed far more unevenly than income shares, with extreme concentrations at the upper levels; (2) the data on wealth shows that the condition of black America is far more precarious, marginalized, and unequal than was thought previously; (3) single and separated women hold few assets in comparison with their male from SIPP using the weights provided by the U.S. Census which approximates the U.S. population. Parallel analyses conducted on the weighted and unweighted samples showed similar results. 3. For a detailed analysis of black-white differences in wealth see Oliver and Shapiro (1989

Census · Current Population Survey · Demographic economics · Distribution (mathematics) · Distribution of wealth · Economics · Geography · Inequality · Order (exchange) · Population · Sociology · Survey of Income and Program Participation · Wealth distribution · White (mutation) · Demography · Finance · Income, Poverty, and Inequality · Intergenerational and Educational Inequality Studies · Labor market dynamics and wage inequality · Mathematics

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Unique citing works26
Citations per year0,76
Citation span1992 - 2024 (33)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 23
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