Home > Events & News > Brown Bag Schedule . Archive

PSC In The News

RSS Feed icon

Thompson casts doubt on the rehabilitative intentions of prison labor

Inglehart says European social democracy is a victim of its own success

Bound, Khanna, and Morales find multiple effects of H1-B visas on US tech industry

More News

Highlights

Heather Ann Thompson wins Bancroft Prize for History for 'Blood in the Water'

Michigan ranks in USN&WR top-10 grad schools for sociology, public health, labor economics, social policy, social psychology

Paula Lantz to speak at Women in Health Leadership Summit, March 24, 2:30-5:30 Michigan League

New site highlights research, data, and publications of Relationship Dynamics and Social Life study

More Highlights

Next Brown Bag

Mon, March 20, 2017, noon:
Dean Yang, Taken by Storm

story art

Pfeffer says housing bubble masked decade-long growth in household net worth inequality

a PSC In The News reference, 2014

"The Typical Household, Now Worth a Third Less" - New York Times. 07/26/2014.

This story reports on a recent Russell Sage-funded study highlighting the growth of economic inequality in the U.S. The investigators, Fabian Pfeffer, Sheldon Danziger, and Robert Schoeni, found that net worth declined 36% 2003-2013 for households at the median level, but rose 14% during the same period for households in the top 5%. Although household wealth at the median level appeared to be rising until 2007, much of that gain came from rising home values. Pfeffer, lead author of the study report, says: "The housing bubble basically hid a trend of declining financial wealth at the median that began in 2001."

Related journal article

Researchers:

Fabian T. Pfeffer
Robert F. Schoeni
Sheldon H. Danziger

More Media Coverage:

Washington Post. The middle class is 20 percent poorer than it was in 1984. 7/29/2014.

Business Insider. American Families Haven't Made Much Of A Comeback Since The Great Recession. 7/29/2014.

View News Archive