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Author: Steckel, Richard Hall
Resulting in 3 citations.
1. |
Steckel, Richard Hall Jayanthi, Krishnan |
Wealth Mobility in America: A View from the National Longitudinal Survey NBER Working Paper No. 4137, National Bureau of Economic Research, August, 1992. Also: http://papers.nber.org/papers/w4137.v5.pdf Cohort(s): Mature Women, Older Men, Young Men, Young Women Publisher: National Bureau of Economic Research (NBER) Keyword(s): Age and Ageing; Household Income; Longitudinal Surveys; Marital Status; Mobility; Poverty; Racial Differences; Wealth We depict and analyze wealth mobility in a national sample of nearly 4,000 households interviewed by the National Longitudinal Survey over a ten year period from the mid 1960s to the mid 1970s. A transition matrix, the Shorrocks measure, average decile position for various subgroups, and wealth in period two compared with wealth in period one are used to describe patterns of wealth mobility. These results and regression models of change in percentile position, of persistence in the top, of movement into the top, of persistence into the bottom, and of movement into the bottom identify winners and losers. The losers include single people, blacks, and those who experienced marital disruption, while winners were the skilled and more educated. These finding have implication for the interpretation of cross-sectional measure of inequality, the explanation of long-term trends in wealth mobility, and the consequences of recent trends in the wage structure. |
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Bibliography Citation
Steckel, Richard Hall and Krishnan Jayanthi. "Wealth Mobility in America: A View from the National Longitudinal Survey." NBER Working Paper No. 4137, National Bureau of Economic Research, August, 1992. |
2. |
Steckel, Richard Hall Krishnan, Jayanthi |
The Wealth Mobility of Men and Women During the 1960s and 1970s Review of Income and Wealth 52,2 (June 2006): 189-212. Also: http://www.nlsinfo.org/usersvc/NLS_Women/Steckel-Krishnan-Wealth%20Mobility-May-2006.pdf Cohort(s): Mature Women, Older Men Publisher: International Association for Research in Income and Wealth (I.A.R.I.W.) Keyword(s): Age and Ageing; Household Income; Marital Status; Mobility; Poverty; Racial Differences; Wealth Research on poverty and inequality is dominated by cross-section studies that are useful but disguise change over time. Investigation of change requires longitudinal data, which are relatively rare and expensive. This paper researches wealth mobility in a national sample of 4,255 households monitored in the National Longitudinal Surveys of Older Men and of Mature Women from the mid-1960s to the mid-1970s. Our measure of wealth is net family assets, excluding automobiles. We present descriptive measures and estimate econometric models of mobility, including persistence in the lower and the upper end of the wealth distribution, and movement into the upper and the lower end of the wealth distribution. The results place inequality measures in perspective and shed light on mechanisms that influence household wealth mobility. The gainers were farmers and those with skilled jobs or high levels of education, while groups that fell behind included single people, blacks, and families disrupted by divorce or death of a spouse. |
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Bibliography Citation
Steckel, Richard Hall and Jayanthi Krishnan. "The Wealth Mobility of Men and Women During the 1960s and 1970s." Review of Income and Wealth 52,2 (June 2006): 189-212.
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3. |
Steckel, Richard Hall Krishnan, Jayanthi |
Wealth Mobility in America: A View from the National Longitudinal Survey Presented: Blithewood Annandale-on-the-Hudson, NY, Levy Economics Institute Conference, "Economic Mobility in America and Other Advanced Countries", October 19, 2002. Also: http://www.levyinstitute.org/pubs/rpt9_02.pdf Cohort(s): Mature Women, Older Men Publisher: Levy Economics Institute Keyword(s): Age and Ageing; Household Income; Marital Status; Mobility; Poverty; Racial Differences; Wealth Permission to reprint the abstract has not been received from the publisher. |
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Bibliography Citation
Steckel, Richard Hall and Jayanthi Krishnan. "Wealth Mobility in America: A View from the National Longitudinal Survey." Presented: Blithewood Annandale-on-the-Hudson, NY, Levy Economics Institute Conference, "Economic Mobility in America and Other Advanced Countries", October 19, 2002. |