International Perspectives on Household Wealth
Edited by Edward N. Wolff
The contributors to this comprehensive book compile and analyze the latest data available on household wealth using, as case studies, the United States, Canada, Germany, Italy, Sweden, and Finland during the 1990s and into the 21st century. The authors show that in the United States, trends are highlighted in terms of wealth holdings among the low-income population, along with changes in wealth polarization, racial differences in wealth holdings, and the dynamics of portfolio choices.
The consensus between the authors is that wealth inequality has generally risen among the OECD countries since the early 1980s, although Germany stands out as an exception. In the case of the United States, it is also noted that wealth holdings have generally failed to improve among low-income families and the racial wealth gap widened during the late 1980s.
International Perspectives on Household Wealth also contains new results on a number of topics, including measures and changes of wealth polarization in the United States, measurement and changes of portfolio span in the United States, asset holdings of low-income household in the United States, and the effects of parental resources on asset holdings in Chile.
Academic, government, and public policy economists in OECD countries, as well as those in the so-called middle-income countries around the world, will find much to engage them within this book. It will also appeal to academics and researchers of international and welfare economics and other social scientists interested in the issues of inequality.