Reference : Increasing Inequality in Joint Income and Wealth Distributions in the United States, ...

	Document type :	Scientific congresses, symposiums and conference proceedings : Paper published in a book
	Discipline(s) :	Social & behavioral sciences, psychology : Sociology & social sciences
	To cite this reference:	http://hdl.handle.net/10993/36463

Title :	Increasing Inequality in Joint Income and Wealth Distributions in the United States, 1995 to 2013
Language :	English
Author, co-author :	Chauvel, Louis [University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Integrative Research Unit: Social and Individual Development (INSIDE) >]
	Bar-Haim, Eyal [University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Integrative Research Unit: Social and Individual Development (INSIDE) >]
	Hartung, Anne [University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Integrative Research Unit: Social and Individual Development (INSIDE) >]
	Van Kerm, Philippe [University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Integrative Research Unit: Social and Individual Development (INSIDE) >]
Publication date :	May-2018
Main document title :	Conference Online Programme & Papers
Pages :	24
Peer reviewed :	Yes
Audience :	International
Event name :	LIS/LWS Users Conference 2018 - The legacy of Tony Atkinson in inequality analysis
Event date :	03-05 to 04-05-2018
Event organizer :	LIS Data Center
Abstract :	[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.
Permalink :	http://hdl.handle.net/10993/36463
Other URL :	http://www.lisdatacenter.org/wp-content/uploads/files/uc-2018-program-presentation.pdf
FnR project :	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

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