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…

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…

WHY DON’T AMERiCANS CARE ABOUT INEQUALITY

Why Don’t Americans Care about Inequality? Lisa A. Keister WealthInequality.org 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 2015, Keister 2014, McCall and Percheski 2010, Piketty 2013). There are also some individuals and groups —social activists, some academics—who…

IS THE ONE PERCENT PERMEABLE?

What does it take to be in the top? The answer is different for top income & top net worth positions. Ascribed and Achieved Traits in Top Incomes, Top Net Worth, and Both It is well-known that the one percent control disproportionate quantities of income and net worth, but knowledge about who occupies these top…

REAL ESTATE HOLDINGS AMONG THE SUPER RICH

Real Estate Holdings among the Super Rich Richard A. Benton Lisa A. Keister Hang Young Lee Real estate is an important, but understudied, component of the portfolios of the super-rich. Throughout much of history, land ownership has played an important role in determining who is at the top of the wealth distribution, and contemporary patterns…