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Accounting for cross-country differences in wealth inequality

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  • Frank A Cowell
  • Eleni Karagiannaki
  • Abigail McKnight

Abstract

This 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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File URL: http://sticerd.lse.ac.uk/dps/case/cp/CASEpaper168.pdf
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Bibliographic Info

Paper provided by Centre for Analysis of Social Exclusion, LSE in its series CASE Papers with number /168.

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Date of creation: Mar 2013
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Handle: RePEc:cep:sticas:/168

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Web page: http://sticerd.lse.ac.uk/case/_new/publications/default.asp

Related research

Keywords: household wealth; wealth inequality; debt; housing assets; educational loans; age-wealth profiles; decomposition;

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  1. Bover, Olympia, 2008. "Wealth inequality and household structure: US vs. Spain," CEPR Discussion Papers 6680, C.E.P.R. Discussion Papers.
  2. 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.
  3. 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.
  4. 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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