LEADER 05057nam 2200589 a 450 001 9910965012103321 005 20251117091006.0 010 $a1-61470-800-2 035 $a(CKB)2550000000047646 035 $a(EBL)3020334 035 $a(SSID)ssj0000568979 035 $a(PQKBManifestationID)11335457 035 $a(PQKBTitleCode)TC0000568979 035 $a(PQKBWorkID)10540810 035 $a(PQKB)10828387 035 $a(MiAaPQ)EBC3020334 035 $a(Au-PeEL)EBL3020334 035 $a(CaPaEBR)ebr10676623 035 $a(OCoLC)753966074 035 $a(BIP)32671842 035 $a(EXLCZ)992550000000047646 100 $a20101014d2011 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 00$aEconomics of wealth in the 21st century /$fJason M. Gonzalez, editor 205 $a1st ed. 210 $aNew York $cNova Science Publishers$dc2011 215 $a1 online resource (162 p.) 225 1 $aEconomic issues, problems and perspectives 300 $aDescription based upon print version of record. 311 08$a1-61122-805-0 320 $aIncludes bibliographical references and index. 327 $aIntro -- 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 ?(S, ) -- EXPLANATION OF THE STRATEGIC FORM GAME ? -- 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. 327 $a4.3.TheFundamentalsApproach -- 5.InsightsfromtheThreeApproaches -- 5.1.LimitstoGrowth -- 5.2.TheProductivitySlowdown -- 5.3.ICTandGrowth -- 5.4.R& -- 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. 330 $aPresents topical research in the study of the economics of wealth in the 21st century. This title discusses topics such as trends in household wealth in the US and the black-white wealth gap and wealth management. 410 0$aEconomic issues, problems and perspectives series. 606 $aWealth$zUnited States$xHistory$y21st century 606 $aWealth$xHistory$y21st century 615 0$aWealth$xHistory 615 0$aWealth$xHistory 676 $a330.1/6 701 $aGonzalez$b Jason M$01872111 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910965012103321 996 $aEconomics of wealth in the 21st century$94481165 997 $aUNINA