Wealth and its distribution, 1983-1992: secular growth, cyclical stability.

Federal Reserve Bank of St. Louis Review | January 1, 1997| | Copyright

This article describes the changes in the distribution of wealth among U.S. households that occurred between 1983 and 1992, a period that very nearly coincides with the most recent business cycle. The article extends a previous one, which discussed changes between 1983 and 1989, the expansionary phase of the cycle (Weicher, 1995). The distribution of wealth has received extended popular attention recently, based on reports that it became markedly more unequal during the economic expansion of the 1980s.(1) My previous article showed that this conclusion depends on technical ...

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