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GEOWEALTH: spatial wealth inequality data for the United States, 1960-2020

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  • Suss, Joel
  • Kemeny, Thomas
  • Connor, Dylan Shane

Abstract

Wealth inequality has been sharply rising in the United States and across many other high-income countries. Due to a lack of data, we know little about how this trend has unfolded across locations within countries. Investigating this subnational geography of wealth is crucial, as from one generation to the next, wealth powerfully shapes opportunity and disadvantage across individuals and communities. Using machine-learning-based imputation to link newly assembled national historical surveys conducted by the U.S. Federal Reserve to population survey microdata, the data presented in this paper addresses this gap. The Geographic Wealth Inequality Database (“GEOWEALTH”) provides the first estimates of the level and distribution of wealth at various geographical scales within the United States from 1960 to 2020. The GEOWEALTH database enables new lines of investigation into the contribution of spatial wealth disparities to major societal challenges including wealth concentration, spatial income inequality, social mobility, housing unaffordability, and political polarization. Edit 05/03/2024: Please consult the published version of this paper, at: https://doi.org/10.1038/s41597-024-03059-9

Suggested Citation

  • Suss, Joel & Kemeny, Thomas & Connor, Dylan Shane, 2023. "GEOWEALTH: spatial wealth inequality data for the United States, 1960-2020," LSE Research Online Documents on Economics 119980, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:119980
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    References listed on IDEAS

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    1. Emmanuel Saez & Gabriel Zucman, 2016. "Editor's Choice Wealth Inequality in the United States since 1913: Evidence from Capitalized Income Tax Data," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 131(2), pages 519-578.
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    JEL classification:

    • D60 - Microeconomics - - Welfare Economics - - - General

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