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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...
Persistent link: https://www.econbiz.de/10009011700
Persistent link: https://www.econbiz.de/10003664171
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,...
Persistent link: https://www.econbiz.de/10015207502
This paper uses administrative tax data to estimate top wealth in the United States. We assemble new data that links people to their sources of capital income and develop new methods to estimate the degree of return heterogeneity within asset classes. Disaggregated fixed income data reveal that...
Persistent link: https://www.econbiz.de/10013323698
This paper estimates the distribution of personal wealth in South Africa by combining tax microdata, household surveys, and macroeconomic balance sheet statistics. We systematically compare estimates of the wealth distribution obtained by direct measurement of net worth, rescaling of reported...
Persistent link: https://www.econbiz.de/10012198851
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 provides unique insights into the role of country-specific shocks in...
Persistent link: https://www.econbiz.de/10013289690
The financial and economic crisis that have shaken many countries in the last years have increased demand for timely, coherent and consistent distributional information for the household sector. In the Euro area, most of the national central banks collect such information through income and...
Persistent link: https://www.econbiz.de/10013321878
This paper discusses alternative methods to estimate the distribution of wealth in New Zealand. It develops a taxable income capitalisation method for estimating the distribution of wealth in New Zealand that is based on the approach of Saez and Zucman (2016; 2022) and adapted for New Zealand data...
Persistent link: https://www.econbiz.de/10014251968
This paper examines long-term trends in aggregate wealth and inheritance and in their distributions, focusing on developed economies. A key stylized fact is that wealth is less equally distributed than income. Financial assets predominate among the wealthy, while owner-occupied housing is...
Persistent link: https://www.econbiz.de/10015076060
This paper examines long-term trends in aggregate wealth and inheritance and in their distributions, focusing on developed economies. A key stylized fact is that wealth is less equally distributed than income. Financial assets predominate among the wealthy, while owner-occupied housing is...
Persistent link: https://www.econbiz.de/10014564314