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We discuss a new method for inferring the stellar mass of a distant galaxy of known redshift based on the combination of a near-IR luminosity and multiband optical photometry. The typical uncertainty for field galaxies with I<22 in the redshift range 0<z<1 is a factor of 2. We apply this method to a newly constructed sample of 321 field galaxies with redshifts and Hubble Space Telescope morphologies enabling us to construct the stellar mass density associated with various morphologies as a function of redshift. We find a marked decline with time in the stellar mass associated with peculiar galaxies accompanied by a modest rise in that observed for elliptical galaxies. The result suggests that peculiar galaxies decline in abundance because they transform and merge into regular systems. The star formation rate per unit stellar mass indicates that massive systems completed the bulk of their star formation before redshift 1, whereas dwarf galaxies continue to undergo major episodes of activity until the present epoch.
Brinchmann et al. (2000) studied this question.