The Gini coefficient is based on the sum of pairwise income differences, which can be decomposed into separate sums for individuals. Differences vis-à-vis poorer people represent an individual's advantage, while those with respect to richer people constitute deprivation. Weighting deprivation...

This paper examines long-term trends in aggregate wealth and inheritance and in their distributions, focusing on developed economies. A key stylized fact is that wealth is less equally distributed than income. Financial assets predominate among the wealthy, while owner-occupied housing is...

The Gini coefficient is based on the sum of pairwise income differences, which can be decomposed into separate sums for individuals. Differences vis-à-vis poorer people represent an individual's advantage, while those with respect to richer people constitute deprivation. Weighting deprivation...