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  Modeling the Joint Distribution of Income and Wealth; ; Van Kerm, Philippe  in Garner, Thesia; Short, Kathleen (Eds.) Measurement of Poverty, Deprivation, and Economic Mobility (2015) 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 ... [more ▼] 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 account 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. [less ▲] Detailed reference viewed: 195 (2 UL)Luxembourg: Has inequality grown enough to matter?; Van Kerm, Philippe ; et alin Nolan, Brian; Salverda, Wiemer; Checchi, Daniele (Eds.) et al Changing Inequalities and Societal Impacts in Rich Countries: Thirty Countries' Experiences (2014) Luxembourg experienced remarkable economic performance and employment growth since the middle of the 1980s. Based on the development of the financial sector, this growth benefited massively from the ... [more ▼] Luxembourg experienced remarkable economic performance and employment growth since the middle of the 1980s. Based on the development of the financial sector, this growth benefited massively from the contribution of immigrants and cross-border workers to the labour force. High economic growth led to a rapid improvement in the overall living standard of the resident population. During the same period, income inequality increased too, albeit modestly. Even if the country can still be considered a low inequality country by international standards, this trend is a potential source of concern. This chapter analyses the factors that explain the rise in income inequality between 1985 and 2010 and provides a descriptive account of whether this trend has been correlated with a set of social, cultural, and political outcomes. By and large, the positive impact of the improvement of overall living standards seems to have prevailed over the potential detrimental effects of increasing inequality. [less ▲] Detailed reference viewed: 197 (4 UL)The joint distribution of income and wealth; ; Van Kerm, Philippe in Gornick, Janet; Jäntti, Markus (Eds.) Economic Inequality in Cross-National Perspective (2013) Detailed reference viewed: 122 (2 UL) |
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