This paper uses data from eight past and present societies practicing intensive agriculture to measure the transmission of wealth across generations in preindustrial agricultural societies. Focusing on embodied, material, and relational forms of wealth, we compare levels of wealth between parents and children to estimate how effectively wealth is transmitted from one generation to the next and ...

Do wealth shocks affect the health of the elderly in developed countries? The economic literature is sceptical about such effects which have so far only been found for poor retirees in poor countries. In this paper I show that wealth shocks also matter for the health of wealthy retirees in the US. I exploit the booms and busts in the US stock market as a natural experiment that generated consid...

Recent evidence suggests that Americans underestimate wealth inequality in the United States and favor a more equal wealth distribution (Norton & Ariely, 2011). Does this pattern reflect ideological dynamics unique to the United States, or is the phenomenon evident in other developed economies—such as Australia? We assessed Australians’ perceived and ideal wealth distributions and compared them...

This paper investigates some major changes in the wealth distribution in China using the data from two national household surveys conducted in 1995 and 2002. The surveys collected rich information on household wealth and its components, enabling a detailed analysis of changes in wealth distribution among Chinese households. Our analysis indicates that the wealth distribution in China as a whole...

BACKGROUND Wealth disparities in child developmental outcomes are well documented in developed countries. We sought to (1) describe the extent of wealth-based neurocognitive development disparities and (2) examine potential mediating factors of disparities among a population-based cohort of children in rural Nepal. METHODS We investigated household wealth-based differences in intellectual, ex...

OBJECTIVE To estimate the absolute wealth of households using data from demographic and health surveys. METHODS We developed a new metric, the absolute wealth estimate, based on the rank of each surveyed household according to its material assets and the assumed shape of the distribution of wealth among surveyed households. Using data from 156 demographic and health surveys in 66 countries, w...

Researchers, analysts and policymakers who are concerned with economic inequality, family financial security, and poverty in the USA used to focus their analysis entirely on income and consumption. Today, the importance of wealth and asset holdings—not just income streams—in ensuring and maintaining economic well-being is widely recognized. With this shift in understanding, measures of economic...

We report quantitative estimates of intergenerational transmission and population-wide inequality for wealth measures in a set of hunter-gatherer populations. Wealth is defined broadly as factors that contribute to individual or household well-being, ranging from embodied forms, such as weight and hunting success, to material forms, such as household goods, as well as relational wealth in excha...