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AN ESTIMATION OF U.S. FAMILY WEALTH AND ITS DISTRIBUTION FROM MICRODATA, 1973
Author(s) -
Greenwood Daphne
Publication year - 1983
Publication title -
review of income and wealth
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.024
H-Index - 57
eISSN - 1475-4991
pISSN - 0034-6586
DOI - 10.1111/j.1475-4991.1983.tb00630.x
Subject(s) - economics , microdata (statistics) , lorenz curve , econometrics , wealth distribution , income distribution , capitalization , debt , real estate , population , estimation , distribution (mathematics) , national wealth , financial economics , economic inequality , inequality , gini coefficient , macroeconomics , mathematics , finance , mathematical analysis , demography , management , sociology , census , linguistics , philosophy
This paper presents a method of estimating U.S. family net wealth across the entire population, utilizing capitalization of several income items available from income tax microdata. Other forms of wealth, and debt, are indirectly estimated using relationships gleaned from estate tax data. Concentration in the distribution of wealth, and assets such as corporate stock, are measured with Gini coefficients and Lorenz curve analysis and compared to similar estimates of concentration in the distribution of income. Comparisons of the results with previous estimates for the United States are made in the latter section of the paper.