Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/232057 
Year of Publication: 
2020
Citation: 
[Journal:] The Scandinavian Journal of Economics [ISSN:] 0347-0520 [Volume:] 122 [Issue:] 3 [Publisher:] Wiley [Place:] Hoboken [Year:] 2020 [Pages:] 1140-1180
Publisher: 
Wiley, Hoboken
Abstract: 
We examine the composition of augmented household wealth (i.e., the sum of net worth and pension wealth) in the United States and Germany. Pension wealth makes up a considerable portion of household wealth, of about 48 percent in the United States and 61 percent in Germany. When pension wealth is included in household wealth, the Gini coefficient falls from 0.889 to 0.700 in the United States, and from 0.755 to 0.508 in Germany. If the wealth shares in Germany were the same as in the United States, this would lead to a 12.6 percent increase in the Gini coefficient in the augmented wealth distribution in Germany.
Subjects: 
Augmented wealth
net worth
pension wealth
Socio-Economic Panel
Survey of Consumer Finances
JEL: 
D31
H55
J32
Published Version’s DOI: 
Document Type: 
Article
Document Version: 
Accepted Manuscript (Postprint)

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.