Women, Wealth, and Mobility
Lena Edlund and Wojciech Kopczuk
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| Article Citation |
Edlund, Lena, and Wojciech Kopczuk. 2009. "Women, Wealth, and Mobility." American Economic Review, 99(1): 146–78.
DOI:10.1257/aer.99.1.146
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| Abstract |
Using estate tax returns data, we observe that the share of women among the
very wealthy in the United States peaked in the late 1960s at nearly one-half
and then declined to one-third. We argue that this pattern reflects changes in
the importance of dynastic wealth, with the share of women proxying for inherited
wealth. If so, wealth mobility decreased until the 1970s and rose thereafter.
Such an interpretation is consistent with technological change driving longterm
trends in mobility and inequality, as well as the recent divergence between
top wealth and top income shares documented elsewhere. (JEL D31, J16, J62,
O33)
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| Article Full-Text Access |
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| Additional Materials |
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| Authors |
Edlund, Lena (Columbia U)
Kopczuk, Wojciech (Columbia U)
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| JEL Classifications |
D31: Personal Income, Wealth, and Their Distributions
J16: Economics of Gender; Non-labor Discrimination
J62: Job, Occupational, and Intergenerational Mobility; Promotion
O33: Technological Change: Choices and Consequences; Diffusion Processes
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