Globalisation has a major impact on the levels and distribution of wealth. The financial markets are highly integrated …, and valuations of financial assets follow international patterns, which has contributed to large increases in financial … rates of return have decreased during the same era. Moreover, changes in functional income distribution (capital …

In this paper, we analyse different measures of asset and income poverty using micro-data for 15 euro area countries … definitions of income and wealth poverty affect the number and socio-demographic characteristics of poor households, as well as … influences the percentage of poor households but has a limited effect on the documented socio-demographic composition, portfolio …