The legitimacy of inequality concerning the income distribution in market economies is based on the assumption of a dominant individual performance and the assumed existence of equal chances. To test the empirical relevance of this assumption requires the analysis of the determinants of the...

This contribution analyzes income richness of elder persons in Germany in 2001. Using actual data of the German Wage and Income Tax Statistics, which are particularly suitable for the analysis of high incomes, new richness indices are discussed and new results are presented. It appears that the...