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Journal of Human Resources

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Banks, James	1
Blundell, Richard	1
Smith, James P.	1

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Financial Wealth Inequality in the United States and Great Britain

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Banks, James; Blundell, Richard; Smith, James P. – Journal of Human Resources, 2003

In this paper, we describe the household wealth distribution in the United States and United Kingdom over the past two decades, and compare both wealth inequality and the form in which wealth is held. Unconditionally, there are large differences in financial wealth between the two countries at the top fifth of the wealth distribution. Even after…

Descriptors: Family (Sociological Unit), Ownership, Foreign Countries, Family Financial Resources