Advanced Search
MyIDEAS: Login to save this article or follow this journal

Household Saving and Portfolio Change: Evidence from the 1983-89 SCF Panel

Contents:

Author Info

  • Kennickell, Arthur B
  • Starr-McCluer, Martha

Abstract

There are few sources of high-quality data on the dynamics of wealth accumulation. This paper uses newly available data from the 1983-89 panel of the Survey of Consumer Finances to examine household saving and portfolio change over the 1980s. The authors main findings are as follows. First, median household wealth rose modestly over the period. Second, while overall wealth inequality increased, households in the top 1 percent of the wealth distribution in 1983 saw their share of total wealth decline, probably reflecting turnover among the very wealthy. Third, although age, income, and initial wealth had significant effects in regressions on household saving, a large part of the variation in saving was unexplained. Finally, there were clear life-cycle patterns in the portfolios of assets and liabilities held by households, with younger households acquiring homes, businesses and all types of debts, and older households divesting themselves of these assets and debts. Copyright 1997 by The International Association for Research in Income and Wealth.

Download Info

To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Bibliographic Info

Article provided by International Association for Research in Income and Wealth in its journal Review of Income & Wealth.

Volume (Year): 43 (1997)
Issue (Month): 4 (December)
Pages: 381-99

as in new window
Handle: RePEc:bla:revinw:v:43:y:1997:i:4:p:381-99

Contact details of provider:
Email:
Web page: http://www.blackwellpublishing.com/journal.asp?ref=0034-6586
More information through EDIRC

Order Information:
Web: http://www.blackwellpublishing.com/subs.asp?ref=0034-6586

Related research

Keywords:

Other versions of this item:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Joseph Lupton & James P. Smith, 1999. "Marriage, Assets, and Savings," Working Papers, RAND Corporation Publications Department 99-12, RAND Corporation Publications Department.
  2. Eric M. Engen & William G. Gale & John Karl Scholz, 1994. "Do Saving Incentives Work?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 25(1), pages 85-180.
Full references (including those not matched with items on IDEAS)

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Andrea Neri, 2009. "Measuring wealth mobility," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area 703, Bank of Italy, Economic Research and International Relations Area.
  2. Budría, Santiago & Diaz-Serrano, Luis & Ferrer-i-Carbonell, Ada & Hartog, Joop, 2009. "Risk Attitude and Wage Growth: Replication and Reconstruction," IZA Discussion Papers 4124, Institute for the Study of Labor (IZA).
  3. Edward N. Wolff, . "Racial Wealth Disparities Is the Gap Closing?," Economics Public Policy Brief Archive ppb_66, Levy Economics Institute.
  4. Kawagishi, Taketo & Kaminoyama, Ken-ichi, 2014. "Cash-in-advance constraint with status and endogenous growth," MPRA Paper 55946, University Library of Munich, Germany.
  5. Alan L. Gustman & Olivia S. Mitchell & Andrew A. Samwick & Thomas L. Steinmeier, . "Pension and Social Security Wealth in the Health and Retirement Study," Pension Research Council Working Papers, Wharton School Pension Research Council, University of Pennsylvania 97-3, Wharton School Pension Research Council, University of Pennsylvania.
  6. Barry P. Bosworth & Ralph C. Bryant & Gary Burtless, 2004. "The Impact of Aging on Financial Markets and the Economy: A Survey," Working Papers, Center for Retirement Research at Boston College 2004-23, Center for Retirement Research.
  7. Arthur B. Kennickell, 2003. "A Rolling Tide: Changes in the Distribution of Wealth in the US, 1989-2001," Economics Working Paper Archive wp_393, Levy Economics Institute.
  8. Ji, Tingting, 2004. "Consumer Credit Delinquency And Bankruptcy Forecasting Using Advanced Econometrc Modeling," MPRA Paper 3187, University Library of Munich, Germany.
  9. Daniel Sandoval & Mark Rank & Thomas Hirschl, 2009. "The increasing risk of poverty across the American life course," Demography, Springer, Springer, vol. 46(4), pages 717-737, November.
  10. Karen Pence & John Sabelhaus, 1999. "Household Saving in the '90s: Evidence from Cross-Section Wealth Surveys: Technical Paper 1999-3," Working Papers, Congressional Budget Office 13345, Congressional Budget Office.
  11. Atreya Chakraborty & Mark Kazarosian, 1999. "Portfolio Allocation of Precautionary Assets: Panel Evidence for the United States," Boston College Working Papers in Economics, Boston College Department of Economics 432, Boston College Department of Economics.
  12. Santi Budria & Luis Diaz-Serrano & Ada Ferrer-i-Carbonell & Joop Hartog, 2013. "Risk attitude and wage growth: replicating Shaw (1996)," Empirical Economics, Springer, Springer, vol. 44(2), pages 981-1004, April.
  13. Kaminoyama, Ken-ichi & Kawagishi, Taketo, 2012. "Cash-in-advance constraint with status in a neoclassical growth model," MPRA Paper 38382, University Library of Munich, Germany.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:bla:revinw:v:43:y:1997:i:4:p:381-99. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.