Reference : Increasing Inequality in Joint Income and Wealth Distributions in the United States, ...
Scientific congresses, symposiums and conference proceedings : Paper published in a book
Social & behavioral sciences, psychology : Sociology & social sciences
http://hdl.handle.net/10993/36463
Increasing Inequality in Joint Income and Wealth Distributions in the United States, 1995 to 2013
English
Chauvel, Louis mailto [University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Integrative Research Unit: Social and Individual Development (INSIDE) >]
Bar-Haim, Eyal mailto [University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Integrative Research Unit: Social and Individual Development (INSIDE) >]
Hartung, Anne mailto [University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Integrative Research Unit: Social and Individual Development (INSIDE) >]
van Kerm, Philippe mailto [University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Integrative Research Unit: Social and Individual Development (INSIDE) >]
May-2018
Conference Online Programme & Papers
24
Yes
International
LIS/LWS Users Conference 2018 - The legacy of Tony Atkinson in inequality analysis
03-05 to 04-05-2018
LIS Data Center
[en] The study of joint income and wealth distributions is important to the understanding of economic inequality. However, these are extremely skewed variables that present tails containing strategic information that usual methods – such as percentile grouping – cannot easily underline. In this paper, we propose a new method that is able to provide a thorough examination of tails: the isograph and the logitrank. These tools entail a more detailed conception of inequality by describing inequality at different points of the distribution. Using US data 1995-2013 from the Luxembourg Wealth Study (LWS), we find first that income inequality increased significantly, in particular in the upper middle classes. Second, the wealth- to-income ratio measuring the importance of wealth relative to income, increased significantly. The association between high wealth and high incomes, fourth, increased as well. Based on our analysis, we can conclude that this increase in the association between wealth and income is not a trivial consequence of increasing inequality, but a stronger coherence of the diagonal at the top of the income and wealth distributions.
http://hdl.handle.net/10993/36463
http://www.lisdatacenter.org/wp-content/uploads/files/uc-2018-program-presentation.pdf
FnR ; FNR9522302 > Louis Chauvel > ProSocial > A Research Programme on Social Inequality within the National, European and International Context > 01/06/2012 > 31/03/2018 > 2011

File(s) associated to this reference

Fulltext file(s):

FileCommentaryVersionSizeAccess
Open access
chauvel et al income wealth.pdfAuthor preprint1.81 MBView/Open

Bookmark and Share SFX Query

All documents in ORBilu are protected by a user license.