Who Owns Stock in American Corporations?

Before looking at the actual wealth data, it might be helpful to say a few words about what happened to both house and stock prices over the last two and half decades. Although the median house price in real terms was virtually the same in 2001 as in 1989, house prices suddenly took off from 2001-20...

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Published inProceedings of the American Philosophical Society Vol. 158; no. 4; pp. 372 - 391
Main Author WOLFF, EDWARD N.
Format Journal Article
LanguageEnglish
Published Philadelphia THE AMERICAN PHILOSOPHICAL SOCIETY 01.12.2014
University of Pennsylvania Press
Subjects
Corporate stock
From the Symposium on American Corporations 16 November 2013
Households
Houses
Housing prices
Income inequality
Median income
Mutual funds
Net worth
Pension plans
Securities markets
Stock markets
Stock ownership
Stock prices
Stock shares
Wolff, Edward N
United States > US
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Summary:Before looking at the actual wealth data, it might be helpful to say a few words about what happened to both house and stock prices over the last two and half decades. Although the median house price in real terms was virtually the same in 2001 as in 1989, house prices suddenly took off from 2001-2007, with the median sales price rising by 19% in real terms. Then, the Great Recession hit and home prices plummeted by 24% in real terms from 2007-2010. This drop was followed by a partial recovery, with median house prices rising by 7.8% in real terms through September 2013, though still way below the median house price level in 2007. In contrast to the housing market, the stock market boomed during the 1990s. On the basis of the S&P 500 Index, stock prices in real terms surged 171% between 1989 and 2001.
ISSN:0003-049X
2326-9243