Inequality among the wealthy

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Using the evidence from the Luxembourg Wealth Study it appears that the distribution of wealth in the UK is considerably less than in Canada, the US or Sweden. But does this result come from an underestimate of inequality among the wealthy and of the wealth differential between the rich and the rest? Using a Pareto model for the upper tail of the distribution we can see that the inequality of comparisons of the UK with the other countries is indeed robust.

Keywords: asset effect; wealth; asset-based welfare (search for similar items in EconPapers)
JEL-codes: D31 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2011-06
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Citations: View citations in EconPapers (14)

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http://eprints.lse.ac.uk/43897/ Open access version. (application/pdf)

Related works:
Working Paper: Inequality among the Wealthy (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:43897

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