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Redistribution from a joint income-wealth perspective: Results from 16 European OECD countries

Author

Listed:
  • Sarah Kuypers

    (University of Antwerp)

  • Francesco Figari

    (University of Insubria)

  • Gerlinde Verbist

    (University of Antwerp)

Abstract

Redistributive analyses typically use household income as the main reference variable to rank households and to assess their tax liabilities and benefit entitlements. However, the importance of wealth, and the potential redistributive effects of wealth-related taxation, are increasingly recognised. By using data from the Household Finance and Consumption Survey (HFCS) as input data for the tax-benefit microsimulation model EUROMOD, we assess the redistributive effects of taxes and benefits against the joint income-wealth distribution for 16 European OECD countries. This is a new approach that extends indicators developed in the asset-based poverty literature. We study wealth-related taxes alongside other tax-benefit instruments. The analysis allows us to gain insight into which types of policies are redistributive in which institutional settings taking account of the distribution of both income and wealth. This paper extends our pilot study of six countries (Kuypers, Figari, & Verbist, 2019), and updates it to 2017 policies.

Suggested Citation

  • Sarah Kuypers & Francesco Figari & Gerlinde Verbist, 2021. "Redistribution from a joint income-wealth perspective: Results from 16 European OECD countries," OECD Social, Employment and Migration Working Papers 257, OECD Publishing.
    • Handle: RePEc:oec:elsaab:257-en
    DOI: 10.1787/22103c5e-en
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    Cited by:

    1. Kuypers, Sarah & Figari, Francesco & Verbist, Gerlinde, 2024. "Vertical and horizontal equity of wealth taxes: An assessment from a joint income-wealth perspective," Economics Letters, Elsevier, vol. 234(C).
    2. Netta Achdut & Lea Achdut, 2022. "Joint Income-Wealth Poverty in a Cross-National Perspective: The Role of Country-Level Indicators," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 164(1), pages 499-541, November.
    3. Sarah Kuypers & Gerlinde Verbist, 2022. "Over-indebtedness and poverty : Patterns across household types and policy effects," Working Paper Research 420, National Bank of Belgium.

    More about this item

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General

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