000			04420cam a2200409Mi 4500
001			on1029256522
003			OCoLC
005			20240726105056.0
008			180316t20172017maua ob 001 0 eng d
040			_aYDX _beng _erda _epn _cYDX _dOCLCO _dNT _dEBLCP _dOCLCQ _dIDB _dNJR _dOCL _dXQM _dOCLCQ _dOCLCA _dOCLCQ _dVLY _dJSTOR
020			_a9780674981362 _q((electronic)l(electronic)ctronic)
020			_a9780674981379
043			_an-us---
050	0	4	_aHC110 _b.C468 2017
049			_aMAIN
100	1		_aWolff, Edward N., _e1
245	1	0	_aA century of wealth in America /Edward N. Wolff.
260			_aCambridge, Massachusetts : _bThe Belknap Press of Harvard University Press, _c(c)2017.
300			_a1 online resource (xv, 865 pages) : _billustrations
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
347			_adata file _2rda
520	0		_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.
504			_a2
505	0	0	_aI. Recent developments in personal wealth: Plan of the book and historical backdrop -- _tTrends in household wealth, 1962 to 2013 -- _tChanging portfolio composition and the rate of return on household wealth -- _tInternational comparisons of household wealth inequality -- _tII. Mechanisms behind changing wealth inequality: Deconstructing wealth trends, 1983-2013 -- _tAge-wealth profiles and the life cycle model: implications for wealth accumulation -- _tInheritances and the distribution of wealth -- _tThe role of social security and private pensions -- _tIII. Who are the rich and the poor?: Wealth differences among socio-economic groups -- _tWho are the rich? A demographic profile of high-income and high-wealth Americans -- _tThe persistence of asset poverty -- _tIV. Wealth over the long term: Long-term trends in aggregate household wealth -- _tLong-term trends in the concentration of household wealth -- _tV. Tax policy and conclusion: Wealth taxation -- _tSummary of principal findings and concluding comments.
530			_a2 _ub
650		0	_aWealth _zUnited States _xHistory _y20th century.
650		0	_aWealth _zUnited States _xHistory _y21st century.
650		0	_aHouseholds _xEconomic aspects _zUnited States _xHistory _y20th century.
650		0	_aHouseholds _xEconomic aspects _zUnited States _xHistory _y21st century.
655		1	_aElectronic Books.
856	4	0	_uhttps://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=1723014&site=eds-live&custid=s3260518 _zClick to access digital title | log in using your CIU ID number and my.ciu.edu password
942			_cOB _D _eEB _hHC. _m2017 _QOL _R _x _8NFIC _2LOC
994			_a92 _bNT
999			_c88155 _d88155
902			_a1 _bCynthia Snell _c1 _dCynthia Snell