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. It implies that persistent wealth inequality depends on the probability of intergenerational upward mobility relative to … wealth inequality. It also implies workers' children can have sufficient entrepreneurial wealth with greater or less … given measure of stationary wealth inequality. Conditions are given on environmental-historical and endowed abilities that …
Persistent link: https://www.econbiz.de/10013116018
We analyze the top tail of the wealth distribution in Germany, France, Spain, and Greece based on the Household Finance and Consumption Survey (HFCS). Since top wealth is likely to be underrepresented in household surveys we integrate the big fortunes from rich lists, estimate a Pareto...
Persistent link: https://www.econbiz.de/10011317780
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...
Persistent link: https://www.econbiz.de/10010233897
and inequality measures of this generalized model for wealth distribution are obtained in closed form. In order to check … the validity of the proposed model, we analyze the U.S. household wealth distributions from 1984 to 2009 and conclude an …
Persistent link: https://www.econbiz.de/10013100427
, affects wealth inequality estimates for the post-socialist countries of Central and Eastern Europe (CEE). The survey data from …-corrected wealth inequality for the CEE region in 2013/2014. Despite a short period of wealth accumulation during the post-1989 market … economy period, our adjustment procedure reveals that wealth inequality in the Baltic countries is comparable to that of …
Persistent link: https://www.econbiz.de/10012858335
We analyze the top tail of the wealth distribution in Germany, France, Spain, and Greece based on the Household Finance and Consumption Survey (HFCS). Since top wealth is likely to be underrepresented in household surveys we integrate the big fortunes from rich lists, estimate a Pareto...
Persistent link: https://www.econbiz.de/10013016088
We analyze the top tail of the wealth distribution in Germany, France, and Spain based on the first and second wave of the Household Finance and Consumption Survey (HFCS). Since top wealth is likely to be underrepresented in household surveys, we integrate big fortunes from rich lists, estimate...
Persistent link: https://www.econbiz.de/10012928875
Distributional accounts for households enable measurement, study developments and identify drivers of inequality …
Persistent link: https://www.econbiz.de/10013285967
The financial accounts of the household sector within the system of national accounts report the aggregate asset holdings and liabilities of all households within a country. In principle, when household wealth surveys are explicitly designed to be representative of all households, aggregating...
Persistent link: https://www.econbiz.de/10013315397
Top distributions of income and wealth are still incompletely measured in many national statistics, particularly when … estimation of these two top distributions. We leverage the bivariate parametric/non-parametric copula to extrapolate both income … and wealth distributions from German PHF (Panel on Household Finance) data. The copula modelling potentially reduces the …
Persistent link: https://www.econbiz.de/10012438173