Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/112953
Authors: 
Bach, Stefan
Thiemann, Andreas
Zucco, Aline
Year of Publication: 
2015
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2015: Ökonomische Entwicklung - Theorie und Politik - Session: Wealth Distribution C15-V1
Abstract: 
In this study we analyze the top tail of the wealth distribution in Germany and France based on the Household Finance and Consumption Survey (HFCS). Since top wealth is likely to be underrepresented in household surveys we integrate the big fortunes from rich lists, estimate a Pareto distribution, and impute the missing rich. As a result, the top percentile share of household wealth in Germany jumps up from 24 percent based on the HFCS alone to 34 percent after top wealth imputation. For France there is only a small effect of the imputation since rich households are better captured in the survey.
JEL: 
D31
C46
C81
Document Type: 
Conference Paper

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