Research: Is there wealth stability across generations in the U.S.?

July 29, 2022

A new article by Assistant Professor Jermaine Toney, “Is there wealth stability across generations in the U.S.? Evidence from panel study, 1984–2017” (Contemporary Economic Policy, July 2022), found that a substantial portion of grandparents with the lowest proportions of wealth in 1984-1989 are likely to have grandchildren who end up in the lowest wealth stratum in 2015-2017

The net wealth accumulation of grandparents appears to be strongly determinative of the net wealth holdings of their adult grandchildren. While these general features are understood, few details are known about the persistence of wealth components that determine overall portfolio outcomes and their variance. Dr. Toney found that grandparental linkages in household portfolio components (risky assets, safe assets, non-financial assets) are strongly positively correlated with the asset components of the current generation.

Dr. Toney also finds that there is persistence in intergroup disparities in wealth components, accounting for the intergenerational transfers of wealth from grandparents and parents. His decompositions of net wealth into risky, safe, and non-financial assets illuminate different policy implications connected to total wealth accumulation and wealth inequality across younger households.

Recent Posts

SRTS Report: Bicycle and Pedestrian Involved Crashes in NJ

Bicycle and Pedestrian Involved Crashes in New Jersey: A Closer Look at Crashes Involving Children and Youth Pedestrians and cyclists face a higher risk of severe injury or death in crashes compared to motorists. In New Jersey, there were nearly 6,000 crashes that...

Two MCRP Alumni Earn Planning Excellence Awards

The New Jersey Chapter of the American Planning Association (APA New Jersey) has announced the recipients of the 2024 Planning Excellence Awards, and two Bloustein School alumni are recipients. Courtenay Mercer AICP, PP (BA '01, MCRP ' 02) was selected as the Budd...

Election Aftermath: The Path Forward for Democracy

Policy Implications, Representation Milestones, and Strengthening American Democracy in the Aftermath of Election 2024 In a special post-election episode of EJB Talks, Dean ⁠Stuart Shapiro⁠ and ⁠Elizabeth Matto⁠, Director of the ⁠Eagleton Institute of Politics⁠, offer...

Heldrich Report: Examining Student Outmigration in NJ

Where Students Go: Examining Outmigration in New Jersey Building upon previous research on outmigration, a new report measures the gaps in the New Jersey Statewide Data System (NJSDS) that limit the ability to track New Jersey high school graduates who pursue higher...

NJSPL Blog: Who Attends Virtual Schwartz Rounds?

By Irina B. Grafova, Pamela B. de Cordova, Jennifer Polakowski, and Jessica Anderson The importance of well-being programs has never been more critical. Virtual Schwartz Rounds (VSR) provide a platform for connecting with nursing colleagues facing challenging...

Upcoming Events

Bildner Center: The 25th Annual Rutgers Jewish Film Festival, November 7–21

Regal Cinema Commerce Center 2399 US-1, North Brunswick, United States

The The 25th Annual Rutgers Jewish Film Festival will feature fourteen thought-provoking and entertaining films, dynamic discussions with filmmakers and special guests, and numerous New Jersey premieres on dance, music, […]