Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/154340
Authors: 
Vermeulen, Philip
Year of Publication: 
2016
Series/Report no.: 
ECB Working Paper 1907
Abstract: 
Wealth survey data suffers simultaneously from under-representation at the top and underreporting of assets. Addressing both problems, I use the Household Finance and Consumption Survey to provide new estimates of the holdings of real assets, financial assets and liabilities and net wealth of the top one percent in Austria, Belgium, Finland, France, Germany, Italy, Spain and The Netherlands. Especially for countries doing little or no oversampling of the rich, financial asset and real asset shares held by the top 1 percent are substantially higher then survey data suggests.
Subjects: 
HFCN
wealth
JEL: 
E22
E44
G01
Persistent Identifier of the first edition: 
ISBN: 
978-92-899-2155-8
Document Type: 
Working Paper

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