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Title: The Wealth Mobility of Men and Women During the 1960s and 1970s
Resulting in 1 citation.
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Steckel, Richard Hall Krishnan, Jayanthi |
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The Wealth Mobility of Men and Women During the 1960s and 1970s Review of Income and Wealth 52,2 (June 2006): 189-212. Also: http://www.nlsinfo.org/usersvc/NLS_Women/Steckel-Krishnan-Wealth%20Mobility-May-2006.pdf Cohort(s): Mature Women, Older Men Publisher: International Association for Research in Income and Wealth (I.A.R.I.W.) Keyword(s): Age and Ageing; Household Income; Marital Status; Mobility; Poverty; Racial Differences; Wealth 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. |
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Bibliography Citation
Steckel, Richard Hall and Jayanthi Krishnan. "The Wealth Mobility of Men and Women During the 1960s and 1970s." Review of Income and Wealth 52,2 (June 2006): 189-212.
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