Accounting for cross-country differences in wealth inequality
Cowell, F.
, Karagiannaki, E. & McKnight, A.
(2013).
Accounting for cross-country differences in wealth inequality.
(CASEpapers 168).
Centre for Analysis of Social Exclusion.
, Karagiannaki, E. & McKnight, A.
(2013).
Accounting for cross-country differences in wealth inequality.
(CASEpapers 168).
Centre for Analysis of Social Exclusion.
This paper adopts a counterfactual decomposition analysis to analyse cross-country differences in the size of household wealth and levels of household wealth inequality. The findings of the paper suggest that the biggest share of cross-country differences is not due to differences in the distribution of household demographic and economic characteristics but rather reflect strong unobserved country effects.