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The Impact of Wealth Inequality on Economic Well-Being

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  • Edward Wolff
  • Ajit Zacharias

Abstract

Wealth inequality is far more severe than income inequality. The authors argue that it has consequences for economic security. The yardstick for measuring Americans' well-being is significantly different if it is adjusted for wealth.

Suggested Citation

  • Edward Wolff & Ajit Zacharias, 2007. "The Impact of Wealth Inequality on Economic Well-Being," Challenge, Taylor & Francis Journals, vol. 50(4), pages 65-87.
    • Handle: RePEc:mes:challe:v:50:y:2007:i:4:p:65-87
    DOI: 10.2753/0577-5132500405
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    References listed on IDEAS

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    1. Edward Wolff & Ajit Zacharias, 2009. "Household wealth and the measurement of economic well-being in the United States," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 7(2), pages 83-115, June.
    2. Lerman, Robert I & Yitzhaki, Shlomo, 1985. "Income Inequality Effects by Income," The Review of Economics and Statistics, MIT Press, vol. 67(1), pages 151-156, February.
    3. Thomas Piketty & Emmanuel Saez, 2003. "Income Inequality in the United States, 1913–1998," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 118(1), pages 1-41.
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    Cited by:

    1. Raphaele Chappe & Willi Semmler, 2019. "Financial Market as Driver for Disparity in Wealth Accumulation—A Receding Horizon Approach," Computational Economics, Springer;Society for Computational Economics, vol. 54(3), pages 1231-1261, October.
    2. Macunovich, Diane J., 2011. "A Note on Inequality Aversion Across Countries, Using Two New Measures," IZA Discussion Papers 5734, Institute of Labor Economics (IZA).

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