Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/114077
Authors: 
Jäntti, Markus
Sierminska, Eva
Van Kerm, Philippe
Year of Publication: 
2015
Series/Report no.: 
IZA Discussion Papers 9190
Abstract: 
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 accounts 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.
Subjects: 
income
wealth
inequality
copula
multivariate Gini
JEL: 
C1
D31
J10
Document Type: 
Working Paper

Files in This Item:
File
Size





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