An Analysis of Changes in the Distribution of Household Wealth and Income for Small Business Owning Households, 1989 to 1992

George Haynes
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George Haynes: University of Montana

General Economics and Teaching from University Library of Munich, Germany

Abstract: The 1990’s were marked by the largest ever peacetime expansion in the U.S. economy. This rapid expansion of business income has raised an important equity question: who’s earning the income and accumulating the wealth? This study compares changes in income and wealth between small business owning households and other non-business owning households and examines what types of small businesses realized the most substantial gains in income and wealth. While the robust financial growth in the early 1990’s increased aggregate household wealth, small business owners actually saw their share of aggregate household wealth decline. The relatively modest financial success of households owning at least one small business in relation to households not owning a business in this very prosperous economic time suggests that investments in businesses realized lower financial returns that investments in other assets.

JEL-codes: A (search for similar items in EconPapers)
Pages: 345 pages
Date: 2003-03-03
New Economics Papers: this item is included in nep-ent
Note: Type of Document - Tex/WordPerfect/Handwritten; prepared on IBM PC - PC-TEX/UNIX Sparc TeX; to print on HP/PostScript/Franciscan monk; pages: 345,395,4323247 ; figures: included/request from author/draw your own
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpgt:0303001

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