Wealth Concentration Levels and Growth: 1989-2016

Jesse Bricker and Alice Henriques Volz
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Jesse Bricker: https://www.federalreserve.gov/econres/jesse-bricker.htm
Alice Henriques Volz: https://www.federalreserve.gov/econres/alice-henriques-volz.htm

No 2020-02-20, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Wealth concentration in the U.S. has increased over the past 25 years across multiple methodologies for measuring wealth. But the reasons for the increase—and the timing of the increase—are quite different. In this note, we show that most available estimates are fairly consistent in level and trend prior to the Financial Crisis. However, the timing and reasons for the sharp increase in wealth concentration during and after the crisis differ remarkably across methods. We describe some of the factors that underlie this divergence.

Date: 2020-02-20
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2020-02-20

DOI: 10.17016/2380-7172.2438

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