04407cam a2200433 i 450000100090000000300080000900500170001700700030003400800370003701000170007402000300009104000300012104100090015104200080016004300120016805000230018008200230020310000290022624500550025526400860031030000420039633600210043833700250045933800230048450400510050750510240055852017600158265000500334265000500339265000500344265000720349265000720356465000740363665100540371065100550376465100510381965100570387065100460392719580921BJBSDDR20230929161335.0ta210423 2017         b    001 0 eng c  a  2017011157  a9780674495142 (hardcover)  aMH/DLCbengcMHerdadDLC  aspa   apcc  an-us---14aHC 110bW855c 201700a339.20973/09042231 aWolff, Edward N. d1946-12aA century of wealth in America /cEdward N. Wolff. 1aCambridge, Massachusetts :bThe Belknap Press of Harvard University Press,c2017.  a 865 pages :billustrations ;c25 cm.  atext2rdacontent  aunmediated2rdamedia  avolume2rdacarrier  aIncludes bibliographical references and index.0 aPart One. Recent developments in personal wealth: Introduction and historical backdrop -- Trends in household wealth, 1962 to 2013 -- Changing portfolio composition and the rate of return on household wealth -- International comparisons of household wealth inequality -- Part Two. Mechanisms behind changing wealth inequality: Deconstructing wealth trends, 1983-2013 -- Age-wealth profiles and the life cycle model: implications for wealth accumulation -- Inheritances and the distribution of wealth -- The role of social security and private pensions -- Part Three. Who are the rich and the poor?: Wealth differences among socio-economic groups -- Who are the rich? A demographic profile of high-income and high-wealth -- The persistence of asset poverty -- Part Four. Wealth over the long term: Long-term trends in aggregate household wealth -- Long-term trends in the concentration of household wealth -- Part Five: Tax policy and conclusion: Wealth taxation -- Summary of principal findings and concluding comments.  aEdward Wolff, one of the country's leading experts on household wealth, here provides a comprehensive study of wealth in America since 1910. The century brought shifting patterns in the ownership of wealth; Wolff explains the changes, offers ideas about how to reduce inequality, and explores issues in how to measure wealth in the first place. A Century of Wealth in America is not designed to advance one overarching argument; rather, its aim is to provide in one place the accurate information needed to consider many arguments. Still, Wolff presents no fewer than ten major findings in its pages. One of these is that median household wealth has recently returned to the levels of 1969. Another is that the average wealth of black families relative to white families has slipped significantly in recent years, after thirty years of stability. A third finding: the US has changed since 1950 from being one of the most equal countries in the developed world to being one of the most class-ridden. For many readers the book will serve as a complement to Thomas Piketty's Capital in the 21st Century. But while it reinforces Piketty's argument in many ways, it concentrates on wealth (as opposed to income), for example, and says much more about the poor. Wolff's ideas are also different than Piketty's on issues of inheritance (he's less worried about it) and the relationship between r (the rate of return to capital) and g (the overall rate of economic growth). He argues that inequality rises if r for the top one percent is greater than r for the middle class. Finally, thanks to its focus on America, the book provides much more fine-grained detail about the country, not least about the demographics of wealth and poverty.--cProvided by publisher 0aWealthzUnited StatesxHistoryy20th century. 4aRiquezazEstados Unidos xHistoria ySiglo XX 0aWealthzUnited StatesxHistoryy21st century. 0aHouseholdsxEconomic aspectszUnited StatesxHistoryy20th century. 0aHouseholdsxEconomic aspectszUnited StatesxHistoryy21st century. 4aHogareszEstados Unidos xAspectos económicosxHistoria ySiglo XXI 0aUnited StatesxEconomic conditionsy20th century. 4aEstados UnidosxCondiciones económicasysiglo XX 0aUnited StatesxEconomic conditionsy2001-2009. 4aEstados UnidosxCondiciones económicasy2001-2009. 0aUnited StatesxEconomic conditionsy2009-