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Autoren: 
Jäntti, Markus
Sierminska, Eva
Van Kerm, Philippe
Datum: 
2015
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 9190
Zusammenfassung: 
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.
Schlagwörter: 
income
wealth
inequality
copula
multivariate Gini
JEL: 
C1
D31
J10
Dokumentart: 
Working Paper

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