Intergenerational Economic Transfers and Wealth Inequality in the United States
by Parinay Gupta Abstract Using longitudinal data from Panel Study of Income Dynamics (PSID) from 2007-2021, this paper investigates the role of economic transfers (inheritances and gifts) in asset accumulation processes of US households, in both short-term and long-term. Analysis is done through dimensions of race, wealth quartile, and age. Examining quartiles reveals significant wealth […]
Withdrawal: The Difficulty of Transitioning to a Cashless Economy
by Praneeth Kandula Abstract In 2021, modern payment methods such as mobile pay have increased nearly fivefold since their introduction in 2015. This shift to an increasingly cashless, digital economy has been marked by inequitable financial and technological divides. Historically, Black and Latino adults have had less access to financial systems and are less likely […]
“Winner-Take-All Economics” Professional Inquiry and Public Discourse on Material Inequality
By Jonathan Pryor What can account for the failure of economists to extend a firm guiding hand into the public discourse on material inequality in contemporary America? This paper reviews historical and modern economic literature and then extends its focus to the debates in the public sector, private opinion, “think tanks,” the news media, the […]
