GEOWEALTH: spatial wealth inequality data for the United States, 1960-2020

Suss, Joel, Kemeny, Thomas and Connor, Dylan Shane (2023) GEOWEALTH: spatial wealth inequality data for the United States, 1960-2020. III Working Paper (99). International Inequalities Institute, London School of Economics and Political Science, London, UK.

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• https://doi.org/10.1038/s41597-024-03059...

Abstract

Wealth inequality has been sharply rising in the United States and across many other high-income countries. Due to a lack of data, we know little about how this trend has unfolded across locations within countries. Investigating this subnational geography of wealth is crucial, as from one generation to the next, wealth powerfully shapes opportunity and disadvantage across individuals and communities. Using machine-learning-based imputation to link newly assembled national historical surveys conducted by the U.S. Federal Reserve to population survey microdata, the data presented in this paper addresses this gap. The Geographic Wealth Inequality Database (“GEOWEALTH”) provides the first estimates of the level and distribution of wealth at various geographical scales within the United States from 1960 to 2020. The GEOWEALTH database enables new lines of investigation into the contribution of spatial wealth disparities to major societal challenges including wealth concentration, spatial income inequality, social mobility, housing unaffordability, and political polarization. Edit 05/03/2024: Please consult the published version of this paper, at: https://doi.org/10.1038/s41597-024-03059-9

Item Type:	Monograph (Working Paper)
Official URL:	https://www.lse.ac.uk/International-Inequalities/P...
Additional Information:	© 2023 The Author(s)
Divisions:	International Inequalities Institute
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HC Economic History and Conditions
JEL classification:	D - Microeconomics > D6 - Welfare Economics > D60 - General
Date Deposited:	14 Aug 2023 12:30
Last Modified:	05 Mar 2024 17:45
URI:	http://eprints.lse.ac.uk/id/eprint/119980

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