IDEAS home Printed from https://ideas.repec.org/p/diw/diwsop/diw_sp899.html
   My bibliography  Save this paper

A Head-to-Head Comparison of Augmented Wealth in Germany and the United States

Author

Listed:
  • Timm Bönke
  • Markus M. Grabka
  • Carsten Schröder
  • Edward N. Wolff

Abstract

We provide levels of, compositions of, and inequalities in household augmented wealth – defined as the sum of net worth and pension wealth – for two countries: the United States and Germany. Pension wealth makes up a considerable portion of household wealth: about 48% in the United States and 61% in Germany. The higher share in Germany narrows the wealth gap between the two countries: While average net worth in the United States (US$337,000 in 2013) is about 1.8 times higher than in Germany, augmented wealth (US$651,000) is only 1.4 times higher. Further, the inclusion of pension wealth in household wealth reduces the Gini coefficient from 0.892 to 0.701 in the United States and from 0.765 to 0.511 in Germany.

Suggested Citation

  • Timm Bönke & Markus M. Grabka & Carsten Schröder & Edward N. Wolff, 2017. "A Head-to-Head Comparison of Augmented Wealth in Germany and the United States," SOEPpapers on Multidisciplinary Panel Data Research 899, DIW Berlin, The German Socio-Economic Panel (SOEP).
  • Handle: RePEc:diw:diwsop:diw_sp899
    as

    Download full text from publisher

    File URL: https://www.diw.de/documents/publikationen/73/diw_01.c.554238.de/diw_sp0899.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. DiNardo, John & Fortin, Nicole M & Lemieux, Thomas, 1996. "Labor Market Institutions and the Distribution of Wages, 1973-1992: A Semiparametric Approach," Econometrica, Econometric Society, vol. 64(5), pages 1001-1044, September.
    2. Carlo Mazzaferro & Stefano Toso, 2005. "The effects of social security on the distribution of wealth in Italy," Center for the Analysis of Public Policies (CAPP) 0007, Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi".
    3. Frank A Cowell & Eleni Karagiannaki & Abigail McKnight, 2012. "Mapping and measuring the distribution of household wealth: A cross-country analysis," CASE Papers case165, Centre for Analysis of Social Exclusion, LSE.
    4. Jesper Roine & Daniel Waldenström, 2009. "Wealth Concentration over the Path of Development: Sweden, 1873–2006," Scandinavian Journal of Economics, Wiley Blackwell, vol. 111(1), pages 151-187, March.
    5. Eva Sierminska & Alena Bic kov, 2007. "Homeownership Inequality and the Access to Credit Markets. Can Credit Availability Explain Cross-country Differences in the Inequality of Homeownership across Income of Young Households?," LWS Working papers 5, LIS Cross-National Data Center in Luxembourg.
    6. repec:cep:sticas:/165 is not listed on IDEAS
    7. Frank Cowell & Brian Nolan & Javier Olivera & Philippe Van Kerm, 2017. "Wealth, Top Incomes and Inequality," LWS Working papers 24, LIS Cross-National Data Center in Luxembourg.
    8. Martin Browning & Annamaria Lusardi, 1996. "Household Saving: Micro Theories and Micro Facts," Journal of Economic Literature, American Economic Association, vol. 34(4), pages 1797-1855, December.
    9. Christopher D. Carroll & Jiri Slacalek & Kiichi Tokuoka, 2014. "The Distribution of Wealth and the MPC: Implications of New European Data," American Economic Review, American Economic Association, vol. 104(5), pages 107-111, May.
    10. Olympia Bover, 2010. "Wealth Inequality And Household Structure: U.S. Vs. Spain," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 56(2), pages 259-290, June.
    11. Olympia Bover & Jose Maria Casado & Sonia Costa & Philip Du Caju & Yvonne McCarthy & Eva Sierminska & Panagiota Tzamourani & Ernesto Villanueva & Tibor Zavadil, 2016. "The Distribution of Debt across Euro-Area Countries: The Role of Individual Characteristics, Institutions, and Credit Conditions," International Journal of Central Banking, International Journal of Central Banking, vol. 12(2), pages 71-128, June.
    12. Orazio P. Attanasio & Agar Brugiavini, 2003. "Social Security and Households' Saving," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 118(3), pages 1075-1119.
    13. Francisco Azpitarte, 2012. "Measuring Poverty Using Both Income And Wealth: A Cross‐Country Comparison Between The U.S. And Spain," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 58(1), pages 24-50, March.
    14. Leo Kaas & Georgi Kocharkov & Edgar Preugschat, 2019. "Wealth Inequality and Homeownership in Europe," Annals of Economics and Statistics, GENES, issue 136, pages 27-54.
    15. Orazio P. Attanasio & Hilary Williamson Hoynes, 2000. "Differential Mortality and Wealth Accumulation," Journal of Human Resources, University of Wisconsin Press, vol. 35(1), pages 1-29.
    16. Timm Bönke & Markus M. Grabka & Carsten Schröder & Edward N. Wolff & Lennard Zyska, 2019. "The Joint Distribution of Net Worth and Pension Wealth in Germany," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 65(4), pages 834-871, December.
    17. James B. Davies & Susanna Sandström & Anthony Shorrocks & Edward N. Wolff, 2011. "The Level and Distribution of Global Household Wealth," Economic Journal, Royal Economic Society, vol. 121(551), pages 223-254, March.
    18. James Banks & Richard Blundell & Peter Levell & James Smith, 2015. "Life-cycle consumption patterns at older ages in the US and the UK: can medical expenditures explain the difference?," IFS Working Papers W15/12, Institute for Fiscal Studies.
    19. Schröder, Carsten & Golan, Yolanda & Yitzhaki, Shlomo, 2014. "Inequality and the time structure of earnings: Evidence from Germany," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 12(3), pages 349-409.
    20. Frank Cowell & Eleni Karagiannaki & Abigail McKnight, 2012. "Accounting for Cross-Country Differences in Wealth Inequality," LWS Working papers 13, LIS Cross-National Data Center in Luxembourg.
    21. Edward Wolff & Ajit Zacharias, 2009. "Household wealth and the measurement of economic well-being in the United States," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 7(2), pages 83-115, June.
    22. Lerman, Robert I & Yitzhaki, Shlomo, 1985. "Income Inequality Effects by Income," The Review of Economics and Statistics, MIT Press, vol. 67(1), pages 151-156, February.
    23. Andrew A. Samwick, 2000. "Is Pension Reform Conducive to Higher Saving?," The Review of Economics and Statistics, MIT Press, vol. 82(2), pages 264-272, May.
    24. Gert G. Wagner & Joachim R. Frick & Jürgen Schupp, 2007. "The German Socio-Economic Panel Study (SOEP) – Scope, Evolution and Enhancements," Schmollers Jahrbuch : Journal of Applied Social Science Studies / Zeitschrift für Wirtschafts- und Sozialwissenschaften, Duncker & Humblot, Berlin, vol. 127(1), pages 139-169.
    25. Edward N. Wolff, 2014. "Household wealth trends in the United States, 1983–2010," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 30(1), pages 21-43.
    26. Edward N. Wolff, 2005. "Is the Equalizing Effect of Retirement Wealth Wearing Off?," Economics Working Paper Archive wp_420, Levy Economics Institute.
    27. Brinca, Pedro & Holter, Hans A. & Krusell, Per & Malafry, Laurence, 2016. "Fiscal multipliers in the 21st century," Journal of Monetary Economics, Elsevier, vol. 77(C), pages 53-69.
    28. Robert E. Lipsey & Helen Stone Tice, 1989. "The Measurement of Saving, Investment, and Wealth," NBER Books, National Bureau of Economic Research, Inc, number lips89-1.
    29. Corneo, Giacomo & Keese, Matthias & Schröder, Carsten, 2010. "The Effect of Saving Subsidies on Household Saving – Evidence from Germanys," Ruhr Economic Papers 170, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    30. Giacomo Corneo & Johannes König & Carsten Schröder, 2018. "Distributional Effects of Subsidizing Retirement Savings Accounts: Evidence from Germany," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 74(4), pages 415-445, December.
    31. Gullason, Edward T & Kolluri, Bharat R & Panik, Michael J, 1993. "Social Security and Household Wealth Accumulation: Refined Microeconometric Evidence," The Review of Economics and Statistics, MIT Press, vol. 75(3), pages 548-551, August.
    32. Philip M ller, 2016. "Poverty in Europe: Sociodemographics, Portfolios and Consumption of Wealth Poor Households," LWS Working papers 22, LIS Cross-National Data Center in Luxembourg.
    33. Eva Sierminska & Yelena Takhtamanova, 2006. "Wealth Effects Out of Financial and Housing Wealth: Cross Country and Age Group Comparisons," LWS Working papers 4, LIS Cross-National Data Center in Luxembourg.
    34. Emmanuel Saez & Gabriel Zucman, 2016. "Editor's Choice Wealth Inequality in the United States since 1913: Evidence from Capitalized Income Tax Data," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 131(2), pages 519-578.
    35. Giacomo Corneo & Matthias Keese & Carsten Schröder, 2009. "The Riester Scheme and Private Savings: An Empirical Analysis based on the German SOEP," Schmollers Jahrbuch : Journal of Applied Social Science Studies / Zeitschrift für Wirtschafts- und Sozialwissenschaften, Duncker & Humblot, Berlin, vol. 129(2), pages 321-332.
    36. Arthur B kennickell, 2008. "The role of over-sampling of the wealthy in the survey of consumer finances," IFC Bulletins chapters, in: Bank for International Settlements (ed.), The IFC's contribution to the 56th ISI Session, Lisbon, August 2007, volume 28, pages 403-408, Bank for International Settlements.
    37. Piotr Paradowski & Lindsay Flynn, 2024. "Wealth Distribution and Individual Voting Preferences: A Comparative Perspective," LWS Working papers 19, LIS Cross-National Data Center in Luxembourg.
    38. Eva Sierminska & Andrea Brandolini & Timothy Smeeding, 2006. "The Luxembourg Wealth Study – A cross-country comparable database for household wealth research," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 4(3), pages 375-383, December.
    39. Robert A. Moffitt, 1984. "Trends in Social Security Wealth by Cohort," NBER Chapters, in: Economic Transfers in the United States, pages 327-358, National Bureau of Economic Research, Inc.
    40. Abul Shamsuddin, 2001. "Public pension and wealth inequality in Canada," Applied Economics Letters, Taylor & Francis Journals, vol. 8(5), pages 315-320.
    41. repec:zbw:rwirep:0170 is not listed on IDEAS
    42. Frank Cowell & Eleni Karagiannaki & Abigail Mcknight, 2018. "Accounting for Cross†Country Differences in Wealth Inequality," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 64(2), pages 332-356, June.
    43. Frank Cowell & Karagiannaki, E. (Eleni) & Abigail Mcknight, 2012. "GINI DP 71: Mapping and Measuring the Distribution of Household Wealth: A Cross-Country Analysis," GINI Discussion Papers 71, AIAS, Amsterdam Institute for Advanced Labour Studies.
    44. Phelim Boyle & John Murray, 1979. "Social Security Wealth and Private Saving in Canada," Canadian Journal of Economics, Canadian Economics Association, vol. 12(3), pages 456-468, August.
    45. Bosworth, Barry & Burtless, Gary, 2004. "Pension Reform and Saving," National Tax Journal, National Tax Association;National Tax Journal, vol. 57(3), pages 703-727, September.
    46. Arthur B. Kennickell & Martha Starr-McCluer & Annika E. Sunden, 1997. "Family Finance in the U.S.: Recent Evidence from the Survey of Consumer Finances," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), vol. 83(1), pages .1-24, January.
    47. Christian Westermeier & Markus M. Grabka, 2015. "Große statistische Unsicherheit beim Anteil der Top-Vermögenden in Deutschland," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 82(7), pages 123-133.
    48. Dicks-Mireaux, Louis & King, Mervyn, 1984. "Pension wealth and household savings: Tests of robustness," Journal of Public Economics, Elsevier, vol. 23(1-2), pages 115-139.
    49. Edward N. Wolff, 1996. "International Comparisons Of Wealth Inequality," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 42(4), pages 433-451, December.
    50. Wolff, Edward N., 2015. "Inheriting Wealth in America: Future Boom or Bust?," OUP Catalogue, Oxford University Press, number 9780199353958.
    51. Joachim R. Frick & Markus M. Grabka, 2010. "Old-Age Pension Entitlements Mitigate Inequality: But Concentration of Wealth Remains High," Weekly Report, DIW Berlin, German Institute for Economic Research, vol. 6(8), pages 55-64.
    52. William G. Gale, 1998. "The Effects of Pensions on Household Wealth: A Reevaluation of Theory and Evidence," Journal of Political Economy, University of Chicago Press, vol. 106(4), pages 706-723, August.
    53. Hans-Martin von Gaudecker & Rembrandt D. Scholz, 2007. "Differential mortality by lifetime earnings in Germany," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 17(4), pages 83-108.
    54. Cagetti, Marco, 2003. "Wealth Accumulation over the Life Cycle and Precautionary Savings," Journal of Business & Economic Statistics, American Statistical Association, vol. 21(3), pages 339-353, July.
    55. Marilyn Moon, 1984. "Economic Transfers in the United States," NBER Books, National Bureau of Economic Research, Inc, number moon84-1.
    56. Francisco Azpitarte, 2011. "Measurement and identification of asset-poor households: a cross-national comparison of Spain and the United Kingdom," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 9(1), pages 87-110, March.
    57. Leimer, Dean R & Lesnoy, Selig D, 1982. "Social Security and Private Saving: New Time-Series Evidence," Journal of Political Economy, University of Chicago Press, vol. 90(3), pages 606-629, June.
    58. Ingvild Almås & Magne Mogstad, 2012. "Older or Wealthier? The Impact of Age Adjustment on Wealth Inequality," Scandinavian Journal of Economics, Wiley Blackwell, vol. 114(1), pages 24-54, March.
    59. Alan L. Gustman & Olivia S. Mitchell & Andrew A. Samwick & Thomas L. Steinmeier, "undated". "Pension and Social Security Wealth in the Health and Retirement Study," Pension Research Council Working Papers 97-3, Wharton School Pension Research Council, University of Pennsylvania.
    60. Adeline Delavande & Susann Rohwedder, 2011. "Differential Survival in Europe and the United States: Estimates Based on Subjective Probabilities of Survival," Demography, Springer;Population Association of America (PAA), vol. 48(4), pages 1377-1400, November.
    61. Joachim R. Frick & Bruce Headey, 2009. "Living Standards in Retirement: Accepted International Comparisons are Misleading," Schmollers Jahrbuch : Journal of Applied Social Science Studies / Zeitschrift für Wirtschafts- und Sozialwissenschaften, Duncker & Humblot, Berlin, vol. 129(2), pages 309-319.
    62. Börsch-Supan, Axel & Reil-Held, Anette & Schunk, Daniel, 2008. "Saving incentives, old-age provision and displacement effects: evidence from the recent German pension reform," Journal of Pension Economics and Finance, Cambridge University Press, vol. 7(3), pages 295-319, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bartels, Charlotte & Bönke, Timm & Glaubitz, Rick & Grabka, Markus M. & Schröder, Carsten, 2023. "Accounting for pension wealth, the missing rich and under-coverage: A comprehensive wealth distribution for Germany," Economics Letters, Elsevier, vol. 231(C).
    2. Bofinger, Peter & Feld, Lars P. & Schmidt, Christoph M. & Schnabel, Isabel & Wieland, Volker, 2018. "Vor wichtigen wirtschaftspolitischen Weichenstellungen. Jahresgutachten 2018/19 [Setting the Right Course for Economic Policy. Annual Report 2018/19]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201819.
    3. Ihle, Dorothee, 2017. "Quantile treatment effects of Riester participation on wealth," CAWM Discussion Papers 96, University of Münster, Münster Center for Economic Policy (MEP).
    4. Bartels, Charlotte & Neumann, Dirk, 2021. "Redistribution and Insurance in Welfare States around the World," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 123(4), pages 1116-1158.
    5. Hasan, Iftekhar & Horvath, Roman & Mares, Jan, 2020. "Finance and wealth inequality," Journal of International Money and Finance, Elsevier, vol. 108(C).
    6. Sierminska, Eva & Wroński, Marcin, 2022. "Inequality and Public Pension Entitlements," GLO Discussion Paper Series 1212, Global Labor Organization (GLO).
    7. Albers, Thilo N. H. & Bartels, Charlotte & Schularick, Moritz, 2022. "Wealth and Its Distribution in Germany, 1895–2018," SocArXiv y6zpq, Center for Open Science.
    8. Marcin Wroński, 2023. "The Displacement Effects of Social Security Wealth in a Transition Economy: The Case of Poland," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 1, pages 19-40.
    9. Olivera, Javier, 2019. "The distribution of pension wealth in Europe," The Journal of the Economics of Ageing, Elsevier, vol. 13(C), pages 30-42.
    10. Charlotte Bartels & Carsten Schroeder, 2020. "Income, consumption and wealth inequality in Germany: Three concepts, three stories?," Basic Papers 2, Forum New Economy.
    11. Fuest, Clemens, 2021. "Zur Debatte über die Einführung einer Nettovermögensteuer in Deutschland," Studien, Stiftung Familienunternehmen / Foundation for Family Businesses, number 250020, March.
    12. Schröder, Carsten & König, Johannes & Fedorets, Alexandra & Goebel, Jan & Grabka, Markus M. & Lüthen, Holger & Metzing, Maria & Schikora, Felicitas & Liebig, Stefan, 2020. "The economic research potentials of the German Socio-Economic Panel study," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 21(3), pages 335-371.
    13. Hufe, Paul & Peichl, Andreas & Stöckli, Marc, 2018. "Ökonomische Ungleichheit in Deutschland – ein Überblick," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 19(3), pages 185-199.
    14. Andreas Peichl & Marc Stöckli, 2018. "Ungleichheit und Umverteilung in Deutschland: Trends und Handlungsoptionen," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 71(15), pages 18-22, August.
    15. Till van Treeck & Judith Niehues & Galina Kolev & Piotr Pysz & Peter Hampe & Andreas Peichl & Marc Stöckli & Georg Cremer, 2018. "Wie gerecht ist die Welt? – Soziale Ungleichheit und Wirtschaftswachstum," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 71(15), pages 03-25, August.
    16. James B. Davies & Anthony F. Shorrocks, 2018. "Comparing global inequality of income and wealth," WIDER Working Paper Series wp-2018-160, World Institute for Development Economic Research (UNU-WIDER).
    17. Janusz Jabłonowski, 2021. "MPC out of Augmented Wealth in Poland," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 13(3), pages 253-286, September.
    18. Waldenström, Daniel, 2021. "Wealth and History: An Update," Working Paper Series 1411, Research Institute of Industrial Economics.
    19. Anthony Shorrocks & James Davies, 2018. "Comparing global inequality of income and wealth," WIDER Working Paper Series 160, World Institute for Development Economic Research (UNU-WIDER).
    20. Philipp M. Lersch & Emanuela Struffolino & Agnese Vitali, 2022. "Wealth in Couples: Introduction to the Special Issue," European Journal of Population, Springer;European Association for Population Studies, vol. 38(4), pages 623-641, October.
    21. Dorothee Ihle, 2017. "Quantile Treatment Effects of Riester Participation on Wealth," SOEPpapers on Multidisciplinary Panel Data Research 954, DIW Berlin, The German Socio-Economic Panel (SOEP).
    22. Davies, James B. & Lluberas, Rodrigo & Waldenström, Daniel, 2024. "Long-Term Trends in the Distribution of Wealth and Inheritance," Working Paper Series 1502, Research Institute of Industrial Economics.
    23. Daniel Waldenström, 2021. "Wealth and History: An Update," CESifo Working Paper Series 9366, CESifo.
    24. Markus Knell & Reinhard Koman, 2022. "Pension Entitlements and Net Wealth in Austria (Markus Knell, Reinhard Koman)," Working Papers 238, Oesterreichische Nationalbank (Austrian Central Bank).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Timm Bönke & Markus M. Grabka & Carsten Schröder & Edward N. Wolff & Lennard Zyska, 2019. "The Joint Distribution of Net Worth and Pension Wealth in Germany," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 65(4), pages 834-871, December.
    2. Frank A. Cowell & Philippe Kerm, 2015. "Wealth Inequality: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 29(4), pages 671-710, September.
    3. Sierminska, Eva & Wroński, Marcin, 2022. "Inequality and Public Pension Entitlements," GLO Discussion Paper Series 1212, Global Labor Organization (GLO).
    4. Wroński, Marcin, 2023. "The impact of social security wealth on the distribution of wealth in the European Union," The Journal of the Economics of Ageing, Elsevier, vol. 24(C).
    5. Andersen, Torben M. & Bhattacharya, Joydeep & Grodecka-Messi, Anna & Mann, Katja, 2024. "Pension reform and wealth inequality: Theory and evidence," European Economic Review, Elsevier, vol. 165(C).
    6. Maximilian Longmuir, 2021. "Fair Crack of the Whip? The Distribution of Augmented Wealth in Australia from 2002 to 2018," Melbourne Institute Working Paper Series wp2021n04, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    7. Maximilian Longmuir, 2023. "Fair crack of the whip? The distribution of augmented wealth in Australia from 2002 to 2018," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 21(4), pages 835-866, December.
    8. Elinder, Mikael & Erixson, Oscar & Waldenström, Daniel, 2018. "Inheritance and wealth inequality: Evidence from population registers," Journal of Public Economics, Elsevier, vol. 165(C), pages 17-30.
    9. Frank Cowell & Eleni Karagiannaki & Abigail McKnight, 2012. "Accounting for Cross-Country Differences in Wealth Inequality," LWS Working papers 13, LIS Cross-National Data Center in Luxembourg.
    10. Anastasios Evgenidis & Apostolos Fasianos, 2021. "Unconventional Monetary Policy and Wealth Inequalities in Great Britain," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 83(1), pages 115-175, February.
    11. Andersen, Torben M. & Bhattacharya, Joydeep & Grodecka-Messi, Anna & Mann, Katja, 2022. "Pension reform and wealth inequality: evidence from Denmark," Working Paper Series 411, Sveriges Riksbank (Central Bank of Sweden).
    12. Leo Kaas & Georgi Kocharkov & Edgar Preugschat, 2019. "Wealth Inequality and Homeownership in Europe," Annals of Economics and Statistics, GENES, issue 136, pages 27-54.
    13. Pirmin Fessler & Martin Schürz, 2013. "Cross-Country Comparability of the Eurosystem Household Finance and Consumption Survey," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 29-50.
    14. Leo Azzollini & Richard Breen & Brian Nolan, 2023. "Demographic behaviour and earnings inequality across OECD countries," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 21(2), pages 441-461, June.
    15. Iacopo Odoardi & Carmen Pagliari, 2020. "Household Wealth as a Factor of Economic Growth: A Case Study of Italy," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 14(3), September.
    16. Brzezinski, Michal & Sałach, Katarzyna, 2021. "Factors that account for the wealth inequality differences between post-socialist countries," Economic Modelling, Elsevier, vol. 105(C).
    17. Ashok Thomas & Luca Spataro, 2013. "Pension funds and Market Efficiency: A review," Discussion Papers 2013/164, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
    18. Ursina Kuhn, 2020. "Augmented wealth in Switzerland: the influence of pension wealth on wealth inequality," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 156(1), pages 1-16, December.
    19. Jing You & Miguel Niño‐Zarazúa, 2019. "The Intergenerational Impact of China's New Rural Pension Scheme," Population and Development Review, The Population Council, Inc., vol. 45(S1), pages 47-95, December.
    20. Nestor Gandelman & Rodrigo Lluberas, 2022. "Wealth in Latin America," Documentos de Investigación 133 Classification JEL: D, Universidad ORT Uruguay. Facultad de Administración y Ciencias Sociales.

    More about this item

    Keywords

    net worth; pension wealth; augmented wealth; wealth portfolio; SOEP; SCF;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:diw:diwsop:diw_sp899. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bibliothek (email available below). General contact details of provider: https://edirc.repec.org/data/sodiwde.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.