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Wealth polarization in western countries

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  • Fabiani, Michele

Abstract

This paper delves into the dynamics of wealth distribution across various countries, utilizing innovative methodologies to uncover patterns of wealth polarization and its determinants. Wealth, distinct from income, reflects long-term economic resources and serves as a crucial indicator of economic well-being. Employing the "relative distribution" method and Recentered Influence Function (RIF) regression, this study examines changes in wealth distribution and the factors driving wealth polarization across eight European countries, Australia, and the United States.

Suggested Citation

  • Fabiani, Michele, 2024. "Wealth polarization in western countries," Structural Change and Economic Dynamics, Elsevier, vol. 71(C), pages 557-567.
    • Handle: RePEc:eee:streco:v:71:y:2024:i:c:p:557-567
    DOI: 10.1016/j.strueco.2024.09.004
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    More about this item

    Keywords

    Wealth; Wealth polarization; RIF-regression; Relative distribution;
    All these keywords.

    JEL classification:

    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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