Accounting for wealth inequality and its change: decomposition analyses for the US, 1995-2019

Zuobao Wang, Lin Dong and Dongxue Li

Applied Economics Letters, 2023, vol. 30, issue 15, 2074-2078

Abstract: This paper decomposes the components of wealth inequality and its change in the United States during the period 2006–2016. The results show that wealth inequality in the US is extremely high. Real estate, non-housing assets and financial investments are the first three important components of equivalent wealth and overall inequality. Financial investments, real estate liabilities and non-housing liabilities have positive marginal impacts on overall inequality, while other assets’ marginal impacts are negative. Financial investments changes had the largest impact on the aggregate trends of wealth inequality.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:30:y:2023:i:15:p:2074-2078

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DOI: 10.1080/13504851.2022.2091743

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