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Modelling Regional Changes in US Household Income and Wealth: A Research Agenda

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  • S B Caldwell

    (Department of Sociology, Cornell University, Ithaca, NY 14853, USA)

  • G P Clarke

    (School of Geography, University of Leeds, Leeds LS2 9JT, England)

  • L A Keister

    (Department of Sociology, University of North Carolina, Chapel Hill, NC 27515-2688, USA)

Abstract

The aim of this paper is to outline a research agenda for the estimation of household wealth in the USA. The authors argue that, although much progress has been made with the estimation of household income, such research has concentrated on wage and benefit income. A dynamic microsimulation model called CORSIM is used to estimate new indicators of wealth. These include household income derived from stocks and shares, retirement accounts, and financial gains made from house sales and inheritances. New indicators of debts include all household debts, especially mortgage debts. Although these indicators have been calculated at national levels in the past, it is argued that considerable benefits will accrue to our understanding of social problems and changing consumer lifestyles if these indicators can be estimated at regional and subregional levels of resolution.

Suggested Citation

  • S B Caldwell & G P Clarke & L A Keister, 1998. "Modelling Regional Changes in US Household Income and Wealth: A Research Agenda," Environment and Planning C, , vol. 16(6), pages 707-722, December.
    • Handle: RePEc:sae:envirc:v:16:y:1998:i:6:p:707-722
    DOI: 10.1068/c160707
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    References listed on IDEAS

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    1. Baranzini, Mauro, 1991. "A Theory of Wealth Distribution and Accumulation," OUP Catalogue, Oxford University Press, number 9780198233138.
    2. Bell, David N F, 1995. "Earnings Inequality in Great Britain: Some Additional Evidence," Scottish Journal of Political Economy, Scottish Economic Society, vol. 42(3), pages 290-309, August.
    3. J L Evans & E J Pentecost, 1998. "Economic Performance across the UK Regions: Convergence or Divergence?," Environment and Planning C, , vol. 16(6), pages 649-658, December.
    4. Phelps Brown, Henry, 1988. "Egalitarianism and the Generation of Inequality," OUP Catalogue, Oxford University Press, number 9780198286486.
    5. Stephen P. Jenkins & Nigel C. O'Leary, 1996. "Household Income Plus Household Production: The Distribution Of Extended Income In The U.K," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 42(4), pages 401-419, December.
    6. John Edwards, 1995. "Social Policy and the City: A Review of Recent Policy Developments and Literature," Urban Studies, Urban Studies Journal Limited, vol. 32(4-5), pages 695-712, May.
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    2. Prodromos-Ioannis Prodromidis, 2006. "Functional Economies Or Administrative Units in Greece: What Difference Does It Make for Policy?," ERSA conference papers ersa06p358, European Regional Science Association.

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