We model the evolution of age-dependent personal income distribution and inequality as expressed by the Gini ratio. In our framework, inequality is an emergent property of a theoretical model we develop for the dynamics of individual incomes. The model relates the evolution of personal income to...

This paper analyses the level of inequality in Spain and how it evolved over the course of the past crisis and the early stages of the current recovery. To this end, it first introduces the various dimensions of wage, income, consumption and wealth inequality, and studies how they have...

Macroeconomic aggregates on households' wealth have a long tradition and are widely used to analyse and compare economies, yet they do not provide any information about the distribution of assets and liabilities within the population. The Household Finance and Consumption Survey (HFCS)...

This paper investigates methods to estimate the upper tail of the wealth distribution. I compare data types and estimation methods using data from the Netherlands for the period 1993–2018, exploiting the unique availability of multiple types of data for this context. In addition to comparing...

It is clear that how well off people are, is not only a matter of income, but also a matter of wealth, in both absolute and relative terms. Using an almost non-observed data approach, Davies et al. (2006) estimated the household wealth and its distribution for a basket of countries for the year...

Our purpose is to analyze the degree of concentration of household wealth in Mexico during a period of intense economic reforms. Unlike the imputation method proposed by Davies et al. (2006 and 2010), we propose an observed data approach based on micro data. The use of physical units constitutes...

German history over the past 125 years has been turbulent. Marked by two world wars, revolutions and major regime changes, as well as a hyperinflation and three currency reforms, expropriations and territorial divisions, it comprises extreme shocks to study the role of historical events,...

A growing literature explores reasons for rising wealth inequality, but disregards the role of pension systems despite their well-understood infiuence on life-cycle saving. In theory and according to available evidence, both pay-as-you-go (PAYG) and fully-funded (FF) pension schemes crowd out...

There has been much recent research on the world distribution of income, but also growing recognition of the importance of other contributions to well-being, including those of household wealth. Wealth is important in providing security and opportunity, particularly in poorer countries that lack...