Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/114022
Authors: 
Kontbay-Busun, Sine
Peichl, Andreas
Year of Publication: 
2015
Series/Report no.: 
IZA Discussion Papers 9139
Abstract: 
This paper applies multidimensional affluence measures to a new dataset on income and wealth in 15 Eurozone countries. We start our analysis by examining the income and wealth distributions separately for each country, and extend it to a multidimensional setting by considering the joint distribution of income and wealth. The results indicate that, with the exception of Cyprus, France, Italy and Slovenia, less than 10% of households are affluent in both income and net wealth. Investigating the joint distributions of income and net wealth confirms that France demonstrates a more homogenous distribution of richness among affluent households compared to other countries in the sample. Portugal demonstrates a higher concentration of richness in the hands of a few compared to the majority of other countries in the sample. The degree of countries' affluence rankings differs with respect to the measures of multidimensional affluence considered.
Subjects: 
top incomes
multidimensional measurement
richness
wealth
inequality
JEL: 
D31
D63
I31
Document Type: 
Working Paper

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