Excerpt
Excerpt
The Concentration of Wealth within Family Lineages and Intergenerational Transfers. Alexandra Killewald, 2016, Paper, "Compared to income and earnings, wealth in the United States is substantially more unequally distributed (BudrÃa RodrÃguez et al. 2002; Scholz and Levine 2004). Access to wealth is in turn associated with a wide range of outcomes, including longevity, family formation, and the educational achievement and labor market outcomes of offspring (Attanasio and Emmerson 2003; Charles, Hurst, and Killewald 2013; Conley 1999, 2001; Pfeffer 2011; Bond Huie et al. 2003; Orr 2003; Schneider 2011). Furthermore, these associations are not fully explained by standard measures of socioeconomic advantage, such as income or education. The wealth distribution is thus an important measure of the concentration of social inequality and advantage."