A Comparison of Alternative Measures of Economic Well-Being for Germany and the United States
AbstractThis paper, using six waves of data (1984-89) from the U.S. Panel Study of Income Dynamics and the German Socio-Economic Panel, compares economic well-being using single year income, multiyear income, and wealth as measures. The authors 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 the authors disaggregate their data by age and gender categories, in general they find greater inequality in the United States, but wealth inequality among older Germans is greater than it is among older Americans. Copyright 1997 by The International Association for Research in Income and Wealth.
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Bibliographic InfoArticle provided by International Association for Research in Income and Wealth in its journal Review of Income & Wealth.
Volume (Year): 43 (1997)
Issue (Month): 2 (June)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0034-6586
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