It is a well-known criticism that due to its exponential distribution, survey data on wealth is hardly reliable when it comes to analyzing the richest parts of society. This paper addresses this criticism using Austrian data from the Household Finance and Consumption Survey (HFCS). In doing so...

This paper develops a new approach for dealing with the under-reporting of wealth in house- hold survey data (differential nonresponse). The current practice among researchers relying on household wealth survey data is one out of three approaches. First, simply ignore the problem. Second, fit a...

Die Frage nach dem Wesen der Gerechtigkeit ist eine in Ökonomie, Politik und Philosophie umstrittene Frage. Die nachstehende Zusammenschau von philosophischen Argumenten zum Wesen und dem rechten Verständnis von "Gerechtigkeit" als normativem Konzept versucht dabei nicht nur einen groben...

This paper provides a comprehensive overview of the ongoing debate on global income inequality. It shows that global income inequality is a valuable analytical concept that significantly enhances our understanding of global economic dynamics. By addressing key methodological issues in the...