IDEAS home Printed from https://ideas.repec.org/a/bla/revinw/v52y2006i2p189-212.html
   My bibliography  Save this article

THE WEALTH MOBILITY OF MEN AND WOMEN DURING THE 1960s AND 1970s

Author

Listed:
  • Richard H. Steckel
  • Jayanthi Krishnan

Abstract

Research on poverty and inequality is dominated by cross‐section studies that are useful but disguise change over time. Investigation of change requires longitudinal data, which are relatively rare and expensive. This paper researches wealth mobility in a national sample of 4,255 households monitored in the National Longitudinal Surveys of Older Men and of Mature Women from the mid‐1960s to the mid‐1970s. Our measure of wealth is net family assets, excluding automobiles. We present descriptive measures and estimate econometric models of mobility, including persistence in the lower and the upper end of the wealth distribution, and movement into the upper and the lower end of the wealth distribution. The results place inequality measures in perspective and shed light on mechanisms that influence household wealth mobility. The gainers were farmers and those with skilled jobs or high levels of education, while groups that fell behind included single people, blacks, and families disrupted by divorce or death of a spouse.

Suggested Citation

  • Richard H. Steckel & Jayanthi Krishnan, 2006. "THE WEALTH MOBILITY OF MEN AND WOMEN DURING THE 1960s AND 1970s," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 52(2), pages 189-212, June.
    • Handle: RePEc:bla:revinw:v:52:y:2006:i:2:p:189-212
    DOI: 10.1111/j.1475-4991.2006.00184.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1475-4991.2006.00184.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1475-4991.2006.00184.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

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


    Cited by:

    1. Hochguertel, Stefan & Ohlsson, Henry, 2012. "Who is at the top? Wealth mobility over the life cycle," Working Paper Series 2012:1, Uppsala University, Department of Economics.
    2. Stefan Hochguertel & Henry Ohlsson, 2011. "Wealth mobility and dynamics over entire individual working life cycles," BCL working papers 56, Central Bank of Luxembourg.
    3. Wu, Bangzheng & Yue, Pengpeng & Zuo, Shengqiang, 2023. "Borrow to be the poor or the rich? It depends: Credit market and wealth accumulation," International Review of Economics & Finance, Elsevier, vol. 86(C), pages 804-821.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:revinw:v:52:y:2006:i:2:p:189-212. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/iariwea.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.