| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11047 |
| DP11047 Heterogeneity in Returns to Wealth and the Measurement of Wealth Inequality | |
| Luigi Guiso; Luigi Pistaferri; Andreas Fagereng | |
| 发表日期 | 2016-01-17 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | Lacking a long time series on the assets of the very wealthy, Saez and Zucman (2015) use US tax records to obtain estimates of wealth holdings by capitalizing asset income from tax returns. They document marked upward trends in wealth concentration. We use data on tax returns and actual wealth holdings from tax records for the whole Norwegian population to test the robustness of the methodology. We document that measures of wealth based on the capitalization approach can lead to misleading conclusions about the level and the dynamics of wealth inequality if returns are heterogeneous and even moderately correlated with wealth. |
| 主题 | Financial Economics |
| 关键词 | Heterogeneity Returns to wealth Wealth inequality |
| URL | https://cepr.org/publications/dp11047 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539876 |
| 推荐引用方式 GB/T 7714 | Luigi Guiso,Luigi Pistaferri,Andreas Fagereng. DP11047 Heterogeneity in Returns to Wealth and the Measurement of Wealth Inequality. 2016. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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