A Comparison of Income, Expenditures, and Home Market Value Distributions Using Luxembourg Income Study Data from the 1990's
The purpose of this paper is to review recent data made available through the Luxembourg Income Study (LIS) that include expenditures and asset valuations. The LIS data are augmented with comparable data from the U.S. Consumer Expenditure Survey. The surveys with expenditure data are reviewed in terms of collection units and variable definitions. Inequality statistics are produced and compared using income, expenditures, and market value of owned home. Rankings of countries by income and expenditure inequality are similar but not the same across the countries studied. Suggestions are made for the LIS to improve the expenditure data available following the COICOPS framework.
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| Length: | 60 pages |
| Date of creation: | Mar 2005 |
| Handle: | RePEc:bls:wpaper:ec050060 |
| Contact details of provider: | Postal: 2 Massachusetts Avenue, N.E. Room 2860, Washington, D. C. 20212 Phone: (202) 606-5900 Fax: (202) 606-7890 Web page: https://www.bls.gov Email: More information through EDIRC
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References listed on IDEAS
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- Garner, Thesia I, 1993. "Consumer Expenditures and Inequality: An Analysis Based on Decomposition of the Gini Coefficient," The Review of Economics and Statistics, MIT Press, vol. 75(1), pages 134-138, February.
- Wodon, Quentin T, 1999.
"Between Group Inequality and Targeted Transfers,"
Review of Income and Wealth,
International Association for Research in Income and Wealth, vol. 45(1), pages 21-39, March.
- Wodon, Quentin T., 1999. "Between group inequality and targeted transfers," Policy Research Working Paper Series 2075, The World Bank.
- de Vos, Klaas & Zaidi, M Asghar, 1997. "Equivalence Scale Sensitivity of Poverty Statistics for the Member States of the European Community," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 43(3), pages 319-333, September.
- Timothy Smeeding & Gunther Schmaus & Brigitte Buhmann & Lee Rainwater, 1988. "Equivalence Scales, Well-Being, Inequality and Poverty: Sensitivity Estimates Across Ten Countries Using the LIS Database," LIS Working papers 17, LIS Cross-National Data Center in Luxembourg.
- Orazio Attanasio & James Banks, 1998. "Trends in household saving: a tale of two countries," IFS Working Papers W98/15, Institute for Fiscal Studies.
- Carroll, Christopher D. & Samwick, Andrew A., 1997. "The nature of precautionary wealth," Journal of Monetary Economics, Elsevier, vol. 40(1), pages 41-71, September.
- Christopher D. Carroll & Andrew A. Samwick, 1995. "The Nature of Precautionary Wealth," NBER Working Papers 5193, National Bureau of Economic Research, Inc.
- Buhmann, Brigitte, et al, 1988. "Equivalence Scales, Well-Being, Inequality, and Poverty: Sensitivity Estimates across Ten Countries Using the Luxembourg Income Study (LIS) Database," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 34(2), pages 115-142, June. Full references (including those not matched with items on IDEAS)
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