05057nam 2200589 a 450 991096501210332120251117091006.01-61470-800-2(CKB)2550000000047646(EBL)3020334(SSID)ssj0000568979(PQKBManifestationID)11335457(PQKBTitleCode)TC0000568979(PQKBWorkID)10540810(PQKB)10828387(MiAaPQ)EBC3020334(Au-PeEL)EBL3020334(CaPaEBR)ebr10676623(OCoLC)753966074(BIP)32671842(EXLCZ)99255000000004764620101014d2011 uy 0engur|n|---|||||txtccrEconomics of wealth in the 21st century /Jason M. Gonzalez, editor1st ed.New York Nova Science Publishersc20111 online resource (162 p.)Economic issues, problems and perspectivesDescription based upon print version of record.1-61122-805-0 Includes bibliographical references and index.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.4.3.TheFundamentalsApproach -- 5.InsightsfromtheThreeApproaches -- 5.1.LimitstoGrowth -- 5.2.TheProductivitySlowdown -- 5.3.ICTandGrowth -- 5.4.R&amp -- DandGrowth -- 6.ThePoliticsofConsilience -- 6.1.Inertia -- 6.2.CapitalDeterminism -- 6.3.FearoftheAlternative -- 7.ImplicationsforPublicPolicy -- 8.SummaryandConclusions -- References -- Chapter5AREVIEWOFMODERNTHEORIESOFWEALTHINEQUALITY -- 1.Introduction -- 2.Data -- 3.TheBasicModelwithRandomEarnings -- 3.1.TheDynasticModel -- 3.2.TheLife-CycleModel -- 3.3.IntermediateApproaches -- 4.Extensions -- 4.1.HeterogeneousInvestmentOpportunities -- 4.2.AlternativePreferences -- 4.3.SocialPrograms -- 5.OtherApproaches -- 6.Applications -- References -- Chapter6WEALTHMANAGEMENT -- 1.Introduction -- 2.ThePortfolioModel -- 3.ExAnteValuation -- 4.ExPostValuation -- 5.WeakeningtheGrowthRequirements -- Appendix -- References -- Chapter 7 THE DISTRIBUTION OF WEALTH IN THE UNITED STATES FROM 1983 TO 2004: INEQUALITY AND POLARIZATION1 -- ABSTRACT -- 1. INTRODUCTION -- 2. DATA SOURCES -- 3. METHODOLOGY -- 4. WEALTH TRENDS: SUMMARY STATISTICS AND DENSITY FUNCTIONS -- 5. TRENDS IN WEALTH INEQUALITY AND POLARIZATION -- 6. Wealth Disparities between Groups -- 7. CONCLUSIONS -- REFERENCES -- INDEX.Presents topical research in the study of the economics of wealth in the 21st century. This title discusses topics such as trends in household wealth in the US and the black-white wealth gap and wealth management.Economic issues, problems and perspectives series.WealthUnited StatesHistory21st centuryWealthHistory21st centuryWealthHistoryWealthHistory330.1/6Gonzalez Jason M1872111MiAaPQMiAaPQMiAaPQBOOK9910965012103321Economics of wealth in the 21st century4481165UNINA