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Title: Getting Rich: America's New Rich and How They Got That Way
Resulting in 1 citation.
1. Keister, Lisa A.
Getting Rich: America's New Rich and How They Got That Way
Cambridge, UK and New York, NY: Cambridge University Press, 2005
Cohort(s): NLSY79
Publisher: Cambridge University Press
Keyword(s): Family Background and Culture; Family Structure; Income Distribution; Life Course; Mobility; Religious Influences; Wealth

Permission to reprint the abstract has not been received from the publisher.

Investigates what behaviors, decisions, and other factors contribute to individual wealth accumulation and wealth mobility in the United States. Bases the analysis primarily, but not exclusively, on data from the National Longitudinal Survey of Youth 1979 cohort, involving nearly 13,000 young adults who were interviewed annually through 1994 and every other year after that through 2000. Examines trends in wealth mobility. Identifies the richest families in the United States and investigates the sources of their wealth. Proposes a general conceptual model of the processes that lead to wealth accumulation and mobility, highlighting the importance of education, family background, inheritance, work experiences, financial literacy, and adult family. Empirically explores the role that family background plays in adult wealth ownership, including the role of childhood family structure and siblings, and considers the role of religion, family culture and other contributing factors that are somewhat more difficult to quantify. Studies the role of individual differences, including occupational and work behavior, in adult wealth accumulation and mobility. Explores the role of adult family issues, including marriage, divorce, fertility, the timing of life events, and different investment strategies. Considers the importance of context, including such factors as stock market booms and busts, generational effects, and the importance of geography.

Contents
Part I: 1. I'd rather be rich; 2. Trends in wealth mobility; 3. The new rich; 4. Getting rich; Part II: 5. Family background: parents, structure, and siblings; 6. Family background: culture and religion; 7. Individuals: foundations and occupations; 8. Individuals: adult family; 9. Conclusion.

Bibliography Citation
Keister, Lisa A. Getting Rich: America's New Rich and How They Got That Way. Cambridge, UK and New York, NY: Cambridge University Press, 2005.