In this chapter we study trends at the lower tail of the EU-wide distribution of disposable household income. In contrast to most studies, we take a pan-European perspective and compare income levels across countries, after accounting for average price differences. More in particular, we make...

Using new micro data on household wealth from fifteen European countries, the Household Finance and Consumption Survey, we first document the substantial cross-country variation in how various measures of wealth are distributed across individual households. Through the lens of a standard,...