Accounting for cross-country differences in wealth inequality
AbstractThis paper adopts a counterfactual decomposition analysis to analyse cross-country differences in the size of household wealth and levels of household wealth inequality. The findings of the paper suggest that the biggest share of cross-country differences is not due to differences in the distribution of household demographic and economic characteristics but rather reflect strong unobserved country effects.
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Bibliographic InfoPaper provided by Centre for Analysis of Social Exclusion, LSE in its series CASE Papers with number /168.
Date of creation: Mar 2013
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Web page: http://sticerd.lse.ac.uk/case/_new/publications/default.asp
household wealth; wealth inequality; debt; housing assets; educational loans; age-wealth profiles; decomposition;
Find related papers by JEL classification:
- C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- I24 - Health, Education, and Welfare - - Education - - - Education and Inequality
- I31 - Health, Education, and Welfare - - Welfare and Poverty - - - General Welfare
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- Robert Barsky & John Bound & Kerwin Charles & Joseph Lupton, 2001.
"Accounting for the Black-White Wealth Gap: A Nonparametric Approach,"
NBER Working Papers
8466, National Bureau of Economic Research, Inc.
- Barsky R. & Bound J. & Charles K.K. & Lupton J.P., 2002. "Accounting for the Black-White Wealth Gap: A Nonparametric Approach," Journal of the American Statistical Association, American Statistical Association, vol. 97, pages 663-673, September.
- Bover, Olympia, 2008.
"Wealth inequality and household structure: US vs. Spain,"
CEPR Discussion Papers
6680, C.E.P.R. Discussion Papers.
- 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.
- Eva Sierminska & Andrea Brandolini & Timothy Smeeding, 2006. "The Luxembourg Wealth Study – A cross-country comparable database for household wealth research," Journal of Economic Inequality, Springer, vol. 4(3), pages 375-383, December.
- Markus Jantti & Eva Sierminska & Tim Smeeding, 2008. "The Joint Distribution of Household Income and Wealth: Evidence from the Luxembourg Wealth Study," OECD Social, Employment and Migration Working Papers 65, OECD Publishing.
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