CONSERVATIVE PROTESTANT WEALTH

Conservative Protestant Wealth Conservative Protestants tend to have low wealth. Family structures, educational attainment, and orientations toward money all contribute. The association between cultural orientation and material outcomes is fundamental to sociology research. This article contributes to the understanding of this relationship by exploring how religious affiliation affects wealth ownership for conservative Protestants (CPs). The…

Gender in the One Percent Lisa A. Keister

GENDER IN THE ONE PERCENT

Gender in the One Percent: White, Married Men’s Dominance in Elite Financial Positions The households in the top one percent of the U.S. income distribution control enormous quantities of financial resources. They receive 23.8% of all household income, and the minimum income to needed to be in this elite group is $845,000. The disparity between…

Why don't Americans care about inequality? Lisa A. Keister

WHY AMERICANS DON’T CARE ABOUT INEQUALITY

Why Don’t Americans Care About Inequality? There is no question that inequality is extreme in the United States, and some groups are clearly much worse off than others (Collins and Hoxie; Keister 2014; McCall and Percheski; Piketty). There are also some individuals and groups – social activists, some academics – who find this deeply troubling.…

THE LASTING EFFECT OF INTERGENERATIONAL WEALTH TRANSFERS

The lasting effect of intergenerational wealth transfers: Human capital, family formation, and wealth Recent evidence indicates that inheritances and other intergenerational wealth transfers have only a limited effect on wealth inequality and the intergenerational transmission of financial well-being. In this study, we explore the role that human capital and family formation play in mediating the…

RACE AND CONSUMPTION

Race and Consumption: Black and White Disparities in Household Spending Abstract Differences in consumption patterns are usually treated as a matter of preferences. In this article, the authors examine consumption from a structural perspective and argue that black households face unique constraints restricting their ability to acquire important goods and services. Using data from the…

OVERWORK, SPECIALIZATION AND WEALTH

Overwork, Specialization, and Wealth Objective: This study examines how overwork and traditional household specialization— defined as households with one dedicated female homemaker and one dedicated male breadwinner—are associated with wealth across socioeconomic strata. Background: Although overwork and household specialization are clearly associated with income, less is known about how these behaviors affect household wealth. Household…

WOMEN IN THE ONE PERCENT

Women in the One Percent: Gender Dynamics in Top Income Positions Abstract A growing body of research documents the importance of studying households in the top one percent of U.S. income distribution because they control enormous resources. However, little is known about whose income—men’s or women’s—is primarily responsible for pushing households into the one percent…

COHORTS AND WEALTH TRANSFERS

Cohorts and wealth transfers: Generational changes in the receipt of inheritances, trusts, and inter vivos gifts in the United States The intergenerational transfer of assets helps create and maintain wealth inequality over time, and cohort differences in these wealth transfers provide unique insights into the changing mechanisms that lead to inequality. We examine cohort differences…