wealth by aggregating visible goods and assets using principal component weights. We find that relative deprivation in … visible wealth has a ten percentage point higher explanatory power for reporting a high level of perceived deprivation than … finding sheds light on the importance of the visibility of the objects of comparison for an individual's assessment of his …

This article aims at linking the household wealth and income distributions for 15 European countries using the … determining its location in the wealth distribution. A generalized ordered probit model is estimated to explain the role played by … the position in the income distribution and by intergenerational transfers on the probability to be in a given wealth …

wealth across euro area countries that await explanation. This paper focuses on three main factors for the wealth … three factors, in addition to the common household and demographic factors, are relevant for the net wealth accumulation … particular in homeownership rates and house price dynamics, are important for explaining wealth differences across euro area …

dynamics. When the model is modified in a way that permits it to match empirical measures of wealth inequality in the U.S., we … how the shock is distributed across categories of households (e.g., low-wealth versus high-wealth households) …

In the Survey of Household Income and Wealth (SHIW) conducted by the Bank of Italy, the flow variables (income and … consumption) refer to the year preceding the interview while the stock variables (household composition and net wealth) refer to … estimates of household income and wealth and propose an adjustment method …

A key question in social sciences relates to the effect of wealth inequality on economic growth. Yet, in analyzing this … issue, researchers have had to use income as a proxy for wealth. We derive a global measure of wealth inequality from Forbes … political connections in generating wealth, entrepreneurs who did not use such connections, and those who inherited wealth. We …

transformation function. As applied to income and wealth densities, they are akin to one another because they share the income growth …. To find a kindred distribution we assume that the rate of change of wealth is a function of savings from income and the … returns from accumulated wealth. Applying the Ito transformation, we then obtain an explicit wealth-income density, which …

is a key determinant of wealth inequality. The mechanism we posit is that financial knowledge enables individuals to … wealth over the life cycle. According to our estimates, from 30 to 40 percent of wealth inequality can be accounted for by …

Research on wealth inequality usually focuses on real and financial assets, while pension wealth – the present value of … and, thus, should be accounted for in peoples' wealth portfolios. Using novel data from the Socio Economic Panel (SOEP …), we show the incidence, relevance, and distribution of individual pension wealth, net worth, and augmented wealth (the sum …

In this report, we present improved wealth measures for the Health and Retirement Study (HRS), which aim to reduce the … effect of observation error on wealth levels and changes in wealth. The new wealth measures take account of the asset … data reduce the standard deviations of wave-to-wave changes by substantial amounts (up to 57 percent for total wealth). The …