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Wealth of a Nation

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  • Melvin L. Oliver
  • Thomas M. Shapiro

Abstract

. In order to determine whether the distribution of wealth in American society uncovers deeper fault lines of inequality than income alone, data from the 1984 Survey of Income and Program Participation is examined. The findings indicate that: (1) aggregate shares of wealth held by households are distributed far more unevenly than income shares, with extreme concentrations at the upper levels; (2) the data on wealth shows that the condition of black America is far more precarious, marginalized, and unequal than was thought previously; (3) single and separated women hold few assets in comparison with their male from SIPP using the weights provided by the U.S. Census which approximates the U.S. population. Parallel analyses conducted on the weighted and unweighted samples showed similar results. 3. For a detailed analysis of black‐white differences in wealth see Oliver and Shapiro (1989).

Suggested Citation

  • Melvin L. Oliver & Thomas M. Shapiro, 1990. "Wealth of a Nation," American Journal of Economics and Sociology, Wiley Blackwell, vol. 49(2), pages 129-151, April.
    • Handle: RePEc:bla:ajecsc:v:49:y:1990:i:2:p:129-151
    DOI: 10.1111/j.1536-7150.1990.tb02268.x
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    Cited by:

    1. Swati Dutta & Lakshmi Kumar, 2013. "Poverty Dynamics in Rural India: An Asset-Based Approach," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 7(4), pages 475-506, November.
    2. Swati Dutta, 2015. "Identifying Single or Multiple Poverty Trap: An Application to Indian Household Panel Data," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 120(1), pages 157-179, January.
    3. Anne Blumenthal & David W. Rothwell, 2018. "The Measurement and Description of Child Income and Asset Poverty in Canada," Child Indicators Research, Springer;The International Society of Child Indicators (ISCI), vol. 11(6), pages 1907-1933, December.
    4. Saldaña-Zorrilla, Sergio O., 2007. "Socio-economic vulnerability to natural disasters in Mexico: rural poor, trade and public response," Estudios y Perspectivas – Sede Subregional de la CEPAL en México 5019, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    5. repec:rre:publsh:v:34:y:2004:i:2:p:137-55 is not listed on IDEAS
    6. Asena Caner & Edward N. Wolff, 2002. "Asset Poverty in the United States, 1984-1999: Evidence from the Panel Study of Income Dynamics," Economics Working Paper Archive wp_356, Levy Economics Institute.
    7. Zhou, Siwen & Berning, Joshua P., 2023. "Food Security Dynamics in the United States: Asset Based Approach," 2023 Annual Meeting, July 23-25, Washington D.C. 335610, Agricultural and Applied Economics Association.
    8. Soyoon Weon & David W. Rothwell, 2020. "Dynamics of Asset Poverty in South Korea," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 150(2), pages 639-657, July.
    9. Leo Kaas & Georgi Kocharkov & Edgar Preugschat, 2019. "Does homeownership promote wealth accumulation?," Applied Economics Letters, Taylor & Francis Journals, vol. 26(14), pages 1186-1191, August.
    10. Hongyun Han & Fan Si, 2020. "How Does the Composition of Asset Portfolios Affect Household Consumption: Evidence from China Based on Micro Data," Sustainability, MDPI, vol. 12(7), pages 1-17, April.
    11. Gregory B. Fairchild, 2009. "Residential Segregation Influences on the Likelihood of Ethnic Self–Employment," Entrepreneurship Theory and Practice, , vol. 33(2), pages 373-395, March.
    12. Fisher, Monica G. & Weber, Bruce A., 2004. "Does Economic Vulnerability Depend On Place Of Residence? Asset Poverty Across The Rural-Urban Continuum," Working Papers 18911, Oregon State University, Rural Poverty Research Center (RPRC).
    13. Allison Freeman & Jong-Gyu Paik & Michael A. Stegman, 2007. "The portfolios and wealth of low-income homeowners and renters: findings from an evaluation of Self-Help Ventures Fund’s Community Advantage Program," Community Development Working Paper 2007-02, Federal Reserve Bank of San Francisco.
    14. Bola Awotide & Arega Alene & Tahirou Abdoulaye & Victor Manyong, 2015. "Impact of agricultural technology adoption on asset ownership: the case of improved cassava varieties in Nigeria," Food Security: The Science, Sociology and Economics of Food Production and Access to Food, Springer;The International Society for Plant Pathology, vol. 7(6), pages 1239-1258, December.
    15. Tammy Leonard & Wenhua Di, 2014. "Is Household Wealth Sustainable? An Examination of Asset Poverty Reentry After an Exit," Journal of Family and Economic Issues, Springer, vol. 35(2), pages 131-144, June.
    16. Asena Caner & Edward N. Wolff, "undated". "Asset Poverty in The United States: Its Persistence in an Expansionary Economy," Economics Public Policy Brief Archive ppb_76, Levy Economics Institute.
    17. Zelinsky, Tomas, 2014. "Chudoba a deprivácia na Slovensku: Metodologické aspekty a empíria [Poverty and Deprivation in Slovakia: Methodological Aspects and Empirics]," MPRA Paper 76868, University Library of Munich, Germany.
    18. Kamal, Javed Bin, 2014. "Asset based poverty and wealth accumulation in low income households in Bangladesh," MPRA Paper 61528, University Library of Munich, Germany.
    19. Nam, Yunju & Huang, Jin, 2009. "Equal opportunity for all? Parental economic resources and children's educational attainment," Children and Youth Services Review, Elsevier, vol. 31(6), pages 625-634, June.

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