Comparing Wealth Distribution across Rich Countries: First Results from the Luxembourg Wealth Study

Brandolini, Andrea; Smeeding, Timothy M. (Tim); Sierminska, Eva

doi:10.2139/ssrn.1162176

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Comparing Wealth Distribution across Rich Countries: First Results from the Luxembourg Wealth Study

Bank of Italy Research Paper No. A7

25 Pages Posted: 17 Jul 2008

See all articles by Andrea Brandolini

Timothy M. (Tim) Smeeding

Robert M. La Follette School of Public Affairs, University of Wisconsin - Madison

Eva Sierminska

LISER; DIW Berlin - German Socio-Economic Panel Study (SOEP); IZA Institute of Labor Economics

There are 3 versions of this paper

Date Written: June 16, 2008

Abstract

The new Luxembourg Wealth Study (LWS) creates for the first time a harmonized cross national database on household assets and liabilities. This paper describes the project, outlines conceptual and practical issues that need to be addressed in preparing harmonized and comparable wealth data across countries, and summarizes some results for the nine countries participating in the initial phase: Canada, Cyprus, Finland, Germany, Italy, Norway, Sweden, the United Kingdom, and the United States.

Keywords: household wealth, wealth distribution, portfolio composition

JEL Classification: C8, D31

Suggested Citation: Suggested Citation

Brandolini, Andrea and Smeeding, Timothy M. (Tim) and Sierminska, Eva, Comparing Wealth Distribution across Rich Countries: First Results from the Luxembourg Wealth Study (June 16, 2008). Bank of Italy Research Paper No. A7, Available at SSRN: https://ssrn.com/abstract=1162176 or http://dx.doi.org/10.2139/ssrn.1162176