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Wealth inequality among the Forbes 400 and U.S. households overall

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  • Fuyuo Nagayama

Abstract

While widening income inequality in the United States has garnered much public and academic attention in recent years, wealth inequality reveals an even starker picture. For instance, in 2010, the top 1 percent of income earners received 19.8 percent of total household income. In the same year, the wealthiest 1 percent held 35.4 percent of total household wealth (Kaplan 2013). Moreover, wealth inequality has increased in recent decades, with most gains concentrated among the richest 20 percent of households (Wolff 2013).

Suggested Citation

  • Fuyuo Nagayama, 2013. "Wealth inequality among the Forbes 400 and U.S. households overall," Research Rap Special Report, Federal Reserve Bank of Philadelphia, issue Jul.
    • Handle: RePEc:fip:fedprr:00010
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    References listed on IDEAS

    as
    1. Anthony B. Atkinson & Thomas Piketty & Emmanuel Saez, 2011. "Top Incomes in the Long Run of History," Journal of Economic Literature, American Economic Association, vol. 49(1), pages 3-71, March.
    2. Brzezinski, Michal, 2014. "Do wealth distributions follow power laws? Evidence from ‘rich lists’," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 406(C), pages 155-162.
    3. Klass, Oren S. & Biham, Ofer & Levy, Moshe & Malcai, Ofer & Solomon, Sorin, 2006. "The Forbes 400 and the Pareto wealth distribution," Economics Letters, Elsevier, vol. 90(2), pages 290-295, February.
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    Cited by:

    1. Mastey, Rebecca R & Georgiou, Michalis & Langlo, Christopher S & Kalitzeos, Angelos & Patterson, Emily J & Kane, Thomas & Singh, Navjit & Vincent, Ajoy & Moore, Anthony T & Tsang, Stephen H & Lin, Jon, 2019. "Characterization of Retinal Structure in ATF6-Associated Achromatopsia," Santa Cruz Department of Economics, Working Paper Series qt1n6957hk, Department of Economics, UC Santa Cruz.

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