Economics of wealth in the 21st century / Jason M. Gonzalez, editor.

Format:

Book

Contributor:

Gonzalez, Jason M.

Series:

Economic issues, problems and perspectives series.

Economic issues, problems and perspectives

Language:

English

Subjects (All):

Wealth--United States--History--21st century.

Wealth.

Wealth--History--21st century.

Physical Description:

1 online resource (162 p.)

Edition:

1st ed.

Place of Publication:

New York : Nova Science Publishers, c2011.

Language Note:

English

Summary:

Presents topical research in the study of the economics of wealth in the 21st century. This title discusses topics such as trends in household wealth in the US and the black-white wealth gap and wealth management.

Contents:

Intro

ECONOMICS OF WEALTH IN THE 21ST CENTURY

CONTENTS

PREFACE

Chapter 1 RECENT TRENDS IN HOUSEHOLD WEALTH IN THE U.S.: RISING DEBT AND THE MIDDLE CLASS SQUEEZE

ABSTRACT

1. INTRODUCTION

2. DATA SOURCES AND METHODS

3. MEDIAN WEALTH ROSE BRISKLY DURING THE 2000S

4. WEALTH INEQUALITY SHOWS A MODEST INCREASE OVER THE EARLY 2000S

5. STOCKS REMAIN HIGHLY CONCENTRATED IN THE HANDS OF THE RICH

A. Portfolio Composition by Wealth Class

B. Concentration of Assets by Asset Type

C. The "Middle Class Squeeze"

6. THE RACIAL DIVIDE REMAINS LARGELY UNCHANGED OVER TIME

7. WEALTH SHIFTS FROM THE YOUNG TO THE OLD

8. STOCK OWNERSHIP FIRST RISES AND THEN FALLS

9. AN UPDATE TO 2009

10. SUMMARY AND CONCLUDING COMMENTS

REFERENCES

APPENDIX: DATA SOURCES AND METHODS

Chapter 2 WHEN THE MARKET DOES NOT DELIVER: AN INCLUSIVE GROWTH EXPERIMENT FALLS VICTIM TO WEALTH CONSTRAINTS

INTRODUCTION

THE MODEL

Economic Agents

Set Of (Physical) Outcomes

Utility Functions

Special Restrictions

THE IMPLIED GAME IN STRATIC FORM

Strategies

Payoff Functions

Nash Equilibria Of Γ(S, )

EXPLANATION OF THE STRATEGIC FORM GAME Γ

RESULTS

Policy Failure as Equilibrium Outcome

Nash Equilibria

INTERPRETATION

CONCLUSION

APPENDIX

ABOUT THE AUTHOR

Chapter 3 CAN WE EXPLAIN AWAY THE BLACK-WHITE WEALTH GAP?

DATA AND METHODOLOGY

FINDINGS FROM OLS REGRESSION MODELS

Chapter4CONSILIENTAPPROACHESTOMODELINGWEALTH

Abstract

1.Introduction

2.TheEnergy-OrganizationFramework

3.EarlyLiterature

3.1.TheMysteryofSteam

3.2.The20thCentury

4.TheOilCrises:TheDawningofaNewEra

4.1.TheAddendumApproach

4.2.TheEcologicalApproach.

4.3.TheFundamentalsApproach

5.InsightsfromtheThreeApproaches

5.1.LimitstoGrowth

5.2.TheProductivitySlowdown

5.3.ICTandGrowth

5.4.R&amp

DandGrowth

6.ThePoliticsofConsilience

6.1.Inertia

6.2.CapitalDeterminism

6.3.FearoftheAlternative

7.ImplicationsforPublicPolicy

8.SummaryandConclusions

References

Chapter5AREVIEWOFMODERNTHEORIESOFWEALTHINEQUALITY

2.Data

3.TheBasicModelwithRandomEarnings

3.1.TheDynasticModel

3.2.TheLife-CycleModel

3.3.IntermediateApproaches

4.Extensions

4.1.HeterogeneousInvestmentOpportunities

4.2.AlternativePreferences

4.3.SocialPrograms

5.OtherApproaches

6.Applications

Chapter6WEALTHMANAGEMENT

2.ThePortfolioModel

3.ExAnteValuation

4.ExPostValuation

5.WeakeningtheGrowthRequirements

Appendix

Chapter 7 THE DISTRIBUTION OF WEALTH IN THE UNITED STATES FROM 1983 TO 2004: INEQUALITY AND POLARIZATION1

2. DATA SOURCES

3. METHODOLOGY

4. WEALTH TRENDS: SUMMARY STATISTICS AND DENSITY FUNCTIONS

5. TRENDS IN WEALTH INEQUALITY AND POLARIZATION

6. Wealth Disparities between Groups

7. CONCLUSIONS

INDEX.

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

1-61470-800-2

OCLC:

753966074