Over the period from 1989 to 2001, wealth in real terms grew broadly across U.S. families. Characterizing … list, that wealth grew relatively strongly at the very top of the distribution. At the same time, the share of total … household wealth held by the Forbes group rose. However, while the point estimate of the share of total wealth held by the …

This paper investigates the effects of stock market wealth on consumer spending. Traditional macroeconometric models … estimate that a dollar's increase in stock market wealth boosts consumer spending by 3-7 cents per year. With the substantial … 1990s rise in stock prices, the nature and magnitude of this "wealth effect" have been much debated. After describing the …

wealth for U.S. households in 1989 and 1992, and estimate the effects of pension wealth on non-pension net worth. As expected … of the effects of pension wealth on other types of savings indicates that there is a negative effect of defined benefit …

This paper considers changes in the distribution of the wealth of U.S. families over the 1989-2004 period using data … indications that wealth became more concentrated, but the result does not hold unambiguously across a set of plausible measures …. For example, the Gini coefficient shows significant increases in the concentration of wealth from 1989 to 2004, but the …

Several U.S. panel surveys measure household wealth. At the same time, many important questions about household wealth … hinders their usefulness for addressing these questions. We review the features of wealth data that make it difficult to …

Much discussion treats the working definitions of wealth and income as if they were self-evident, but definitional … choices can make substantial differences in the overall picture. To provide a clear basis on which to examine family wealth … concepts. Using the measures developed, the paper examines the distributions of wealth and income and their joint properties …