IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Wealth Inequality on the Rise in Germany

Listed author(s):
  • Joachim R. Frick
  • Markus M. Grabka

Individual net wealth in Germany totaled an average of around 88,000 Euros at the beginning of 2007 which was about 10 percent higher than in 2002. Decisive for this development was an increase in monetary wealth as well as wealth from private insurance. In connection with the overall quite unequal division of wealth, the median i.e., the value which separates the richest 50 per cent of the population from the poorest, continues to be only around 15,000 Euros. Nonetheless, around two thirds of the population of 17 years of age and above did not possess any or very little monetary and material wealth. So, on the whole, wealth inequality in Germany has continued to increase since 2002. Within the scope of this development, the wealth inequalities which already existed between West and East Germany have further increased since 2002, which has primarily been as a result of the decreasing market value of property in East Germany. Reforms of the state system providing for old age demand a reinforcement of private and company pension plans. Here, private asset accumulation through investment in owner-occupied properties and regular savings activity-also government sponsored-has particular significance in the maintenance of living standards after retirement.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: no

Article provided by DIW Berlin, German Institute for Economic Research in its journal Weekly Report.

Volume (Year): 5 (2009)
Issue (Month): 10 ()
Pages: 62-73

in new window

Handle: RePEc:diw:diwwrp:wr5-10
Contact details of provider: Postal:
Mohrenstraße 58, D-10117 Berlin

Phone: xx49-30-89789-0
Fax: xx49-30-89789-200
Web page:

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:diw:diwwrp:wr5-10. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bibliothek)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.