Economics of wealth in the 21st century
In: Economic issues, problems and perspectives
In: Economic Issues, Problems and Perspectives
Intro -- ECONOMICS OF WEALTH IN THE 21ST CENTURY -- 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 -- ABSTRACT -- 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 -- REFERENCES -- Chapter 3 CAN WE EXPLAIN AWAY THE BLACK-WHITE WEALTH GAP? -- ABSTRACT -- INTRODUCTION -- DATA AND METHODOLOGY -- FINDINGS FROM OLS REGRESSION MODELS -- CONCLUSION -- REFERENCES -- Chapter4CONSILIENTAPPROACHESTOMODELINGWEALTH -- Abstract -- 1.Introduction -- 2.TheEnergy-OrganizationFramework -- 3.EarlyLiterature -- 3.1.TheMysteryofSteam -- 3.2.The20thCentury -- 4.TheOilCrises:TheDawningofaNewEra -- 4.1.TheAddendumApproach -- 4.2.TheEcologicalApproach.
In: Economic issues, problems and perspectives
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