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A Comparison Of Alternative Measures Of Economic Well‐Being For Germany And The United States

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  • Richard V. Burkhauser
  • Joachim R. Frick
  • Johannes Schwarze

Abstract

This paper, using six waves of data (1984‐89) from the United States Panel Study of Income Dynamics (PSID) and the German Socio‐Economic Panel (GSOEP), compares economic well‐being using single year income, multi‐year income, and wealth as measures. We find inequality to be greater in the United States than in Germany regardless of the measure used. However, the relative degree of inequality varies across measures. When we disaggregate our data by age and gender categories, in general we find greater inequality in the United States, but wealth inequality among older Germans is greater than it is among older Americans.

Suggested Citation

  • Richard V. Burkhauser & Joachim R. Frick & Johannes Schwarze, 1997. "A Comparison Of Alternative Measures Of Economic Well‐Being For Germany And The United States," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 43(2), pages 153-171, June.
    • Handle: RePEc:bla:revinw:v:43:y:1997:i:2:p:153-171
    DOI: 10.1111/j.1475-4991.1997.tb00212.x
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    Cited by:

    1. Martine Visser & Frikkie Booysen, 2004. "Determinants of the choice of health care facility utilised by individuals in HIV/AIDS-affected households in the Free State province of South Africa," SALDRU/CSSR Working Papers 087, Southern Africa Labour and Development Research Unit, University of Cape Town.
    2. Frick, Joachim R. & Grabka, Markus M., 2001. "Der Einfluß von Imputed Rent auf die personelle Einkommensverteilung," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 221(3), pages 285-308.
    3. Jurgen Faik & Uwe Fachinger, 2013. "The decomposition of well-being categories: An application to Germany," Working Papers 307, ECINEQ, Society for the Study of Economic Inequality.
    4. Christina Behrendt, 2000. "Is There Income Poverty in Western Europe? Methodological Pitfalls in the Measurement of Poverty in a Comparative Perspective," LIS Working papers 258, LIS Cross-National Data Center in Luxembourg.
    5. Frick Joachim R. & Grabka Markus M., 2001. "Der Einfluß von Imputed Rent auf die personelle Einkommensverteilung. The Impact of Imputed Rent on the Personal Distribution of Income," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 221(3), pages 285-308, June.
    6. Molina, José Alberto & Navarro Paniagua, Maria & Walker, Ian, 2007. "Mums and Their Sons, Dads and Their Daughters: Panel Data Evidence of Interdependent Marginal Utilities across 14 EU Countries," IZA Discussion Papers 2734, Institute of Labor Economics (IZA).
    7. Labeaga, José M. & Molina, José Alberto & Navarro Paniagua, Maria, 2007. "Income Satisfaction and Deprivation in Spain," IZA Discussion Papers 2702, Institute of Labor Economics (IZA).
    8. Frikkie Booysens & Martine Visser, 2005. "Demand for health care in HIV/AIDS – affected households in two communities in the Free State province of South Africa," Working Papers 008, Economic Research Southern Africa.
    9. Ingvild Almås & Magne Mogstady, 2009. "Older or wealthier? The impact of age adjustments on the wealth inequality ranking of countries," Working Papers 113, ECINEQ, Society for the Study of Economic Inequality.
    10. Birgit Kuchler & Jan Goebel, 2003. "Smoothed Income Poverty in European Countries," Discussion Papers of DIW Berlin 352, DIW Berlin, German Institute for Economic Research.
    11. Johannes Schwarze, 1998. "Der Einfluß alternativer Konzeptionen von Alterssicherungssystemen auf Sicherungsniveau, Altersarmut und Einkommensverteilung: ein Vergleich zwischen Deutschland und den USA," Discussion Papers of DIW Berlin 160, DIW Berlin, German Institute for Economic Research.
    12. Michael Roos, 2006. "Earnings Disparities in Unified Germany: Nominal versus Real," Review of Regional Research: Jahrbuch für Regionalwissenschaft, Springer;Gesellschaft für Regionalforschung (GfR), vol. 26(2), pages 171-189, October.
    13. Frick, Joachim R. & Jenkings, Stephen P. & Lillard, Dean R. & Lipps, Oliver & Wooden, Mark, 2007. "The Cross-National Equivalent File (CNEF) and Its Member Country Household Panel Studies," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 127(4), pages 627-654.

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