The Distribution of Wealth: Measurement and Models
AbstractAnalysts debating the consequences of a policy change for the wealth distribution may come to different conclusions because of different views about how the distribution should be defined and measured, or about the processes determining the distribution. The aim of this survey is to provide an analytical framework within which such conflicts may be addressed. The first part of the paper discusses conceptual issues in the definition of "wealth," and compares methods of deriving estimates of wealth distribution. The second, and larger, part of the paper surveys lifecycle and intergenerational models of the distribution of wealth, including a discussion of the role played by inheritance. The presentation is largely theoretical. Indeed, one of the paper's conclusions is that empirical modeling or the wealth distribution is under-developed, at least for the purposes of addressing many topical policy issues. Copyright 1990 by Blackwell Publishers Ltd
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Journal of Economic Surveys.
Volume (Year): 4 (1990)
Issue (Month): 4 ()
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0950-0804
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- Frank Cowell & Karagiannaki, E. (Eleni) & Abigail Mcknight, 2012. "GINI DP 71: Mapping and Measuring the Distribution of Household Wealth: A Cross-Country Analysis," GINI Discussion Papers 71, AIAS, Amsterdam Institute for Advanced Labour Studies.
- Bover, Olympia, 2008.
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- Olympia Bover, 2010. "Wealth Inequality And Household Structure: U.S. Vs. Spain," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 56(2), pages 259-290, 06.
- Olympia Bover, 2008. "Wealth inequality and household structure: US vs. Spain," Banco de Espaï¿½a Working Papers 0804, Banco de Espa�a.
- repec:cep:sticas:case165 is not listed on IDEAS
- Frank A Cowell & Eleni Karagiannaki & Abigail McKnight, 2012. "Mapping and measuring the distribution of household wealth: A cross-country analysis," CASE Papers /165, Centre for Analysis of Social Exclusion, LSE.
- Atkinson, A.B., 2006. "Concentration among the Rich," Working Paper Series RP2006/151, World Institute for Development Economic Research (UNU-WIDER).
- Skopek, Nora & Buchholz, Sandra & Blossfeld, Hans-Peter, 2011. "Wealth inequality in Europe and the delusive egalitarianism of Scandinavian countries," MPRA Paper 35307, University Library of Munich, Germany.
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