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The Decomposition of Well-Being Dimensions: An Application to Germany

In: Economic Well-Being and Inequality: Papers from the Fifth ECINEQ Meeting

Author

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  • Jürgen Faik
  • Uwe Fachinger

Abstract

In the wake of the Stiglitz Commission, we assess German economic well-being by considering income, wealth and consumption. A decomposition approach is used to test for corresponding inequality differences of these well-being dimensions. Total inequality is decomposed into within- and between-group inequality (via a normalised coefficient of variation). The decompositions are categorised into those that refer to socio-demographic characteristics (place of residence, age, household type) and those belonging to different well-being (sub-)categories (potential and net income, expenditure and wealth categories). The empirical analyses are performed for Germany using the 2008 German Sample Survey of Income and Expenditure. By decomposing German well-being inequality in great detail, we shed light on its dimensions. Our analyses illustrate that it is necessary to consider all well-being dimensions to make statements about the material well-being of private households or individuals.

Suggested Citation

  • Jürgen Faik & Uwe Fachinger, 2014. "The Decomposition of Well-Being Dimensions: An Application to Germany," Research on Economic Inequality, in: Economic Well-Being and Inequality: Papers from the Fifth ECINEQ Meeting, volume 22, pages 87-113, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:reinzz:s1049-258520140000022002
    DOI: 10.1108/S1049-258520140000022002
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    More about this item

    Keywords

    Decomposition; distribution; inequality; shift-share analysis; well-being; D30; D31; D60;
    All these keywords.

    JEL classification:

    • D30 - Microeconomics - - Distribution - - - General
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D60 - Microeconomics - - Welfare Economics - - - General

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