Debt, Taxes, and the Effects of 401(k) Plans on Household Wealth Accumulation

1997 ◽  
Author(s):  
Eric M. Engen ◽  
William G. Gale
Keyword(s):  
Household Wealth ◽  
Wealth Accumulation

Pensions and Household Wealth Accumulation

2010 ◽  
Vol 46 (1) ◽  
pp. 203-236 ◽  
Author(s):  
Gary V. Engelhardt ◽  
Anil Kumar
Keyword(s):  
Household Wealth ◽  
Wealth Accumulation

Key methodological issues in the research on household wealth

2019 ◽  
Vol 64 (5) ◽  
pp. 34-47
Author(s):  
Marcin Wroński
Keyword(s):  
Financial Crisis ◽  
Public Policies ◽  
Household Finance ◽  
Household Wealth ◽  
Wealth Accumulation ◽  
Expert Committee ◽  
Methodological Issues ◽  
Policy Makers ◽  
Adequate Representation ◽  
Consumption Survey

The interest of economists and policy makers in collecting data on house-hold wealth has been growing over the last decade (from the beginning of financial crisis in 2008). It has two fundamental reasons: wealth accumulation and growing inequalities as well as formulation of better public policies. The aim of the article is to discuss key methodological issues in the research on household wealth, to present solutions devel-oped by the OECD expert committee applied in the Household Finance and Consumption Survey (HFCS) and to identify areas that require further consideration. Since 2010 signifi-cant progress has been achieved in the measurement of private wealth. Further research on the adequate representation of the richest households in the research sample and concepts of wealth broader than private wealth should be encouraged.

Social Security and Household Wealth Accumulation: Refined Microeconometric Evidence

1993 ◽  
Vol 75 (3) ◽  
pp. 548 ◽  
Author(s):  
Edward T. Gullason ◽  
Bharat R. Kolluri ◽  
Michael J. Panik
Keyword(s):  
Social Security ◽  
Household Wealth ◽  
Wealth Accumulation

scholarly journals Religious Beliefs And Wealth Accumulation

2012 ◽  
Vol 10 (7) ◽  
pp. 407
Author(s):  
E. Anne York ◽  
Marilyn Dutton
Keyword(s):  
Quantile Regression ◽  
Religious Belief ◽  
Wealth Distribution ◽  
Household Wealth ◽  
Wealth Accumulation ◽  
Font Size ◽  
Net Worth ◽  
The Bible ◽  
Precise Measure ◽  
The Relationship

<span style="font-family: Times New Roman; font-size: small;"> </span><p style="margin: 0in 0.5in 0pt; text-align: justify; mso-pagination: none;" class="MsoNormal"><span style="font-size: 10pt;"><span style="font-family: Times New Roman;">One of the more interesting findings in the research on household wealth is the relationship between religion and wealth accumulation. In contrast to previous studies that use denominational affiliation, we use a more precise measure of religious belief constructed from responses to survey questions regarding interpretation of the Bible.<span style="mso-spacerun: yes;"> </span>Regression results indicate that households with more literalist Biblical beliefs have lower net worth overall.<span style="mso-spacerun: yes;"> </span>Additional analysis using quantile regression reveals that this relationship holds only for the upper half of the wealth distribution.<span style="mso-spacerun: yes;"> </span>There is no relationship at lower levels of wealth.<span style="mso-spacerun: yes;"> </span>Finally, while more literalist households are less likely to have an investment account or to have ever received an inheritance, they are more likely to own a home and to have a positive net worth.</span></span></p><span style="font-family: Times New Roman; font-size: small;"> </span>

Pensions and Household Wealth Accumulation

2011 ◽  
Vol 46 (1) ◽  
pp. 203-236 ◽  
Author(s):  
Gary V. Engelhardt ◽  
Anil Kumar
Keyword(s):  
Household Wealth ◽  
Wealth Accumulation

A People’s Portfolio of the United States

Divested ◽  
2020 ◽  
pp. 137-156
Author(s):  
Ken-Hou Lin ◽  
Megan Tobias Neely
Keyword(s):  
United States ◽  
Wealth Inequality ◽  
The United States ◽  
Household Wealth ◽  
Wealth Accumulation ◽  
Social Scientists ◽  
Distribution Of Wealth ◽  
Baby Boomer Generation ◽  
Social Class Inequality

This chapter focuses on how finance has transformed household wealth—a trend with long-term implications for how social-class inequality becomes entrenched. It first reviews the uneven distribution of wealth in the United States. Wealth inequality has risen since the last quarter of the 20th century. Today, fewer American families have sufficient means to accumulate wealth over time, and the concentration of capital in the hands of a select few has widened the fault line between the richest and the rest. The chapter also examines how the distribution of wealth has changed across generations—more precisely, what social scientists call “cohorts.” That is, wealth for the baby boomer generation differs greatly from wealth among the millennials. Since wealth accumulation develops over the course of a person’s life, families in young adulthood and near retirement are considered.

scholarly journals How Financial Literacy Affects Household Wealth Accumulation

2012 ◽  
Vol 102 (3) ◽  
pp. 300-304 ◽  
Author(s):  
Jere R Behrman ◽  
Olivia S Mitchell ◽  
Cindy K Soo ◽  
David Bravo
Keyword(s):  
Linear Regression ◽  
Instrumental Variables ◽  
Financial Literacy ◽  
Regression Models ◽  
Household Wealth ◽  
Causal Effects ◽  
Wealth Accumulation ◽  
Linear Regression Models

This study isolates the causal effects of financial literacy and schooling on wealth accumulation using a new household dataset and an instrumental variables (IV) approach. Financial literacy and schooling attainment are both strongly positively associated with wealth outcomes in linear regression models, whereas the IV estimates reveal even more potent effects of financial literacy. They also indicate that the schooling effect only becomes positive when interacted with financial literacy. Estimated impacts are substantial enough to imply that investments in financial literacy could have large wealth payoffs.

Federal Wealth Policy and the Perpetuation of White Supremacy

2021 ◽  
pp. 003464462110008
Author(s):  
Robert B. Williams
Keyword(s):  
White Supremacy ◽  
Household Wealth ◽  
Wealth Accumulation ◽  
Survey Of Consumer Finances ◽  
The Past ◽  
Consumer Finances ◽  
Tax Exemptions ◽  
Tax Deductions ◽  
Tax Benefits ◽  
The U.S

Since its inception, the U.S. government has strongly promoted the expansion of White wealth. These past policies have created the current wealth gaps in which White households typically hold >10 times the wealth held by Black or Latinx households. The tradition continues today. Using nine tax deductions, the federal government currently supports household wealth accumulation by nearly $640 billion annually. Although they make no overt mention of race, these tax exemptions are designed specifically to help wealthier households. Using evidence from the Survey of Consumer Finances, this article estimates the racial shares of these tax benefits and shows a clear pattern of racial favoritism. In addition, repeated efforts to eliminate the estate and gift taxes mean more intergenerational wealth is tax-exempted. As in the past, our current federal wealth policies are promoting White supremacy.

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