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Title: Wealth Mobility
Resulting in 1 citation.
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Jianakoplos, Nancy Ammon Menchik, Paul L. |
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Wealth Mobility The Review of Economics and Statistics 79,1 (February 1997): 18-31. Also: http://www.jstor.org/stable/2951429 Cohort(s): Older Men Publisher: Harvard University Press Keyword(s): Income Dynamics/Shocks; Mobility; Racial Differences; Wealth Permission to reprint the abstract has not been received from the publisher. The wealth mobility of a panel of mature American men between 1966 and 1981 is examined. Although greater persistence exists than within the income distribution, a sizable degree of movement within the wealth distribution is observed. Slightly more than half of the households changed quintiles. However, the magnitude of the movement was modest, with 78% of the moves to an adjacent quintile. Movements into either extreme of the wealth distribution were relatively rare. Really big moves, from the poorest to the richest group, were extremely rare, with the probability of an African-American making such a move within 15 years approximately zero. [ABI/Inform] |
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Bibliography Citation
Jianakoplos, Nancy Ammon and Paul L. Menchik. "Wealth Mobility." The Review of Economics and Statistics 79,1 (February 1997): 18-31.
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