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Title: Have American workers always been low savers? Patterns of accumulation among working households, 18851910

Citation Type: Book, Section

Publication Year: 2006

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Abstract: Based on empirical patterns of annual earnings and saving from new micro-data covering a large sample of American workers around a hundred years ago, we develop a model for simulating the cross-section distribution of wealth at the turn of the twentieth century. Our methodology allows for a direct comparison with the wealth distribution from a sample of families in a comparable part of the contemporary income distribution. Our primary finding is that patterns of wealth accumulation among American workers at the turn of the century bear a striking resemblance to contemporary profiles.

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Authors: James, John A.; Thomas, Mark; Palumbo, Michael G.

Editors: Susan Wolcott, None; Christopher Hanes, None

Pages: 127 - 175

Volume Title: Research in Economic History

Publisher: Emerald Group Publishing Limited

Publisher Location: West Yorkshire

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Data Collections: IPUMS USA

Topics: Labor Force and Occupational Structure

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