Modeling the Joint Distribution of Income and Wealth.

Markus Jantti, Eva Sierminska, Philippe Van Kerm

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Résumé

This paper considers a parametric model for the joint distribution of income and wealth. The model is used to analyze income and wealth inequality in five OECD countries using comparable household-level survey data. We focus on the dependence parameter between the two variables and study whether accounting for wealth and income jointly reveals a different pattern of social inequality than the traditional ?income only? approach. We find that cross-country variations in the dependence parameter effectively account only for a small fraction of cross-country differences in a bivariate measure of inequality. The index appears primarily driven by differences in inequality in the wealth distribution.
langue originaleAnglais
titreResearch on Economic Inequality
Sous-titreMeasurement of Poverty, Deprivation, and Economic Mobility
EditeurEmerald Publishing Limited
Pages301-327
Nombre de pages0
Volume23
Les DOIs
étatPublié - 2015

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