TY  - CHAP
AB  - Abstract The study of the upper tail of the income and wealth distributions is important to the understanding of economic inequality. By means of the ‘isograph’, a new tool to describe income or wealth distributions, the authors compare wealth and income and wealth-to-income ratios in 16 European countries and the United States using data for years 2013/2014 from the Eurozone Household Finance and Consumption Survey and the US Survey on Consumer Finance. Focussing on the top half of the distribution, the authors find that for households in the top income quintile, wealth-to-income ratios generally increase rapidly with income; the association between high wealth and high incomes is highest among the highest percentiles. There is generally a positive relationship between median wealth in the country and the wealth of the top 1%. However, the United States is an outlier where the median wealth is relatively low but the wealth of the top 1% is extremely high.
VL  - 27
SN  - 978-1-78973-377-8, 978-1-78973-378-5/1049-2585
DO  - 10.1108/S1049-258520190000027007
UR  - https://doi.org/10.1108/S1049-258520190000027007
AU  - Chauvel Louis
AU  - Hartung Anne
AU  - Bar-Haim Eyal
AU  - Kerm Philippe Van
ED  - Koen Decancq
ED  - Philippe Van Kerm
PY  - 2019
Y1  - 2019/01/01
TI  - Income and Wealth Above the Median: New Measurements and Results for Europe and the United States
T2  - What Drives Inequality?
T3  - Research on Economic Inequality
PB  - Emerald Publishing Limited
SP  - 89
EP  - 104
Y2  - 2024/04/20
ER  -