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Source: Review of Income and Wealth
Resulting in 4 citations.
1. Juster, F. Thomas
Kuester, Kathleen
Differences in the Measurement of Wealth, Wealth Inequality and Wealth Composition Obtained from Alternative U.S. Wealth Surveys
Review of Income and Wealth 37,1 (March 1991): 33-62.
Also: http://onlinelibrary.wiley.com/doi/10.1111/j.1475-4991.1991.tb00337.x/abstract
Cohort(s): Older Men
Publisher: International Association for Research in Income and Wealth (I.A.R.I.W.)
Keyword(s): Assets; Income; Income Distribution; Income Dynamics/Shocks; Underreporting; Wealth; Welfare

Since household wealth surveys have been widely used to study saving and other issues, it is important to examine the reliability of the various survey estimates of wealth. In this paper, the authors assess the quality characteristics of the National Longitudinal Survey of Mature Men and the Retirement History Survey, as compared to the 1983 Survey of Consumer Finances. They find that the NLS and especially the RHS underreport wealth and wealth concentration. The underestimates of wealth held in the form of common stock, business equity, and investment real estate equity are substantial. The principal problem lies in underrepresentation of both tails of the wealth and income distributions, with the consequences of underrepresenting the upper tail being especially serious for wealth measurement. Several potential reasons for the underrepresentation are examined.
Bibliography Citation
Juster, F. Thomas and Kathleen Kuester. "Differences in the Measurement of Wealth, Wealth Inequality and Wealth Composition Obtained from Alternative U.S. Wealth Surveys." Review of Income and Wealth 37,1 (March 1991): 33-62.
2. Phipps, Shelley
The Well-Being of Young Canadian Children in International Perspective: A Functionings Approach
Review of Income and Wealth 48,4 (December 2002): 493-516.
Also: http://onlinelibrary.wiley.com/doi/10.1111/1475-4991.00065/abstract
Cohort(s): Children of the NLSY79
Publisher: International Association for Research in Income and Wealth (I.A.R.I.W.)
Keyword(s): Asthma; Birthweight; Canada, Canadian; Children, Well-Being; Cross-national Analysis; Income Distribution; Injuries; Norway, Norwegian

The goal of this paper is to compare the well-being of young children in Canada, Norway and the United State's using Sen's (1972) 'functionings' perspective. We compare children cross-nationally in terms of ten 'functionings' (low-birth-weight; asthma, lying, hyperactivity). If we compare young children in Canada and the US in terms of their functionings, there is not a clear ranking overall. Canadian children are better off for 4 of 9 comparable outcomes; US children are better off for 2 outcomes; Canadian and US children are statistically indistinguishable for 3 outcomes. If we compare child functionings in Canada or the US with those experienced in Norway, it is clear that Norwegian children fare better. There is not a single case in which children in either Canada or the US have better outcomes than Norwegian children.
Bibliography Citation
Phipps, Shelley. "The Well-Being of Young Canadian Children in International Perspective: A Functionings Approach." Review of Income and Wealth 48,4 (December 2002): 493-516.
3. 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.
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.
4. Zagorsky, Jay L.
Young Baby Boomers' Wealth
Review of Income and Wealth 45,2 (June 1999): 135-156.
Also: http://onlinelibrary.wiley.com/doi/10.1111/j.1475-4991.1999.tb00325.x/abstract
Cohort(s): NLSY79
Publisher: International Association for Research in Income and Wealth (I.A.R.I.W.)
Keyword(s): Assets; Data Quality/Consistency; Gender; Home Ownership; Marriage; Wealth

Researchers know relatively little about the beginnings of wealth accumulation. This paper analyzes the wealth of young baby boomers, individuals born from 1957 to 1964, using a previously ignored wealth data set, the National Longitudinal Survey of Youth 1979 (NLSY79). First, a detailed data quality evaluation is performed. Findings suggest that not cleaning NLSY79 wealth data causes nonsensical results, but there are no other serious problems. Analyzing the cleaned wealth data quantifies many stylized facts. For example, the typical baby boomer's wealth holdings increase by more than $2,000 a year. Married females hold more wealth than either married or unmarried males. Finally, while young boomers start with a majority of their wealth in illiquid holdings such as automobiles and possessions, they rapidly shift their wealth holdings into homes as they grow older.
Bibliography Citation
Zagorsky, Jay L. "Young Baby Boomers' Wealth." Review of Income and Wealth 45,2 (June 1999): 135-156.