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This paper applies multidimensional affluence measures to a new dataset on income and wealth in 15 Eurozone countries …. We start our analysis by examining the income and wealth distributions separately for each country, and extend it to a … multidimensional setting by considering the joint distribution of income and wealth. The results indicate that, with the exception of …
Persistent link: https://www.econbiz.de/10011288530
This paper applies multidimensional affluence measures to a new dataset on income and wealth in 15 Eurozone countries …. We start our analysis by examining the income and wealth distributions separately for each country, and extend it to a … multidimensional setting by considering the joint distribution of income and wealth. The results indicate that the percentage of …
Persistent link: https://www.econbiz.de/10010459794
a common framework. We illustrate this by analyzing the role of income and wealth as dimensions of multidimensional well … the country ranking depending on the measure. While in Germany wealth predominantly contributes to the intensity of … affluence, income is more important in the US. -- top incomes ; multidimensional measurement ; richness ; wealth ; inequality …
Persistent link: https://www.econbiz.de/10009379623
individuals. Wealth provides utility in a number of ways, for instance, by acting as a buffer against negative income shocks …Nearly 25 years after the German reunification, vastly different living conditions between East and West Germany still … remain. This is particularly true for the distribution of net wealth which is of special importance for the well-being of …
Persistent link: https://www.econbiz.de/10011348393
John Stuart Mill claimed that "men do not desire merely to be rich, but richer than other men." Do people desire to be richer than others? Or is it that people desire favorable comparisons to others more generally, and being richer is merely a proxy for this ineffable relativity? We conduct an...
Persistent link: https://www.econbiz.de/10011902869
olds, we estimate similar health gradients in income and wealth in both countries, but for 70-80 year old, we find no … benefits are largely flat and independent of past income and hence past health during the working years. Finally, we report … income gradient in UK. Standard behavioral risk factors (work, marriage, obesity, exercise, and smoking) almost fully explain …
Persistent link: https://www.econbiz.de/10003975385
olds, we estimate similar health gradients in income and wealth in both countries, but for 70-80 year old, we find no … benefits are largely flat and independent of past income and hence past health during the working years. Finally, we report … income gradient in UK. Standard behavioral risk factors (work, marriage, obesity, exercise, and smoking) almost fully explain …
Persistent link: https://www.econbiz.de/10013141729
This paper uses sequential stochastic dominance procedures to compare the joint distribution of health and income … of income and health using procedures that are robust to aggregation techniques. The paper's approach is more general … distribution of health and income, though not generally in terms of the uni-dimensional distribution of health or income. The paper …
Persistent link: https://www.econbiz.de/10003905283
This paper uses sequential stochastic dominance procedures to compare the joint distribution of health and income … of income and health using procedures that are robust to aggregation techniques. The paper's approach is more general … distribution of health and income, though not generally in terms of the uni-dimensional distribution of health or income. The paper …
Persistent link: https://www.econbiz.de/10013155155
This paper uses sequential stochastic dominance procedures to compare the joint distribution of health and income … of income and health using procedures that are robust to aggregation techniques. The paper's approach is more general … distribution of health and income, though not generally in terms of the uni-dimensional distribution of health or income. The paper …
Persistent link: https://www.econbiz.de/10012718652