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

25 Pages Posted: 17 Jul 2008  

Andrea Brandolini

Bank of Italy

Timothy M. Smeeding

University of Wisconsin - Madison

Eva Sierminska

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

Multiple version iconThere 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

Brandolini, Andrea and Smeeding, Timothy M. 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

Andrea Brandolini (Contact Author)

Bank of Italy ( email )

Via Nazionale 91
Roma, Rome 00184
Italy
+390647923568 (Phone)
+390647923720 (Fax)

Timothy M. Smeeding

University of Wisconsin - Madison ( email )

1180 Observatory Drive
Madison, WI 53706
United States
608-890-1317 (Phone)
608-265-3119 (Fax)

HOME PAGE: http://www.lafollette.wisc.edu/facultystaff/smeeding-timothy.html

Eva Sierminska

LISER ( email )

3, avenue de la Fonte
Esch-sur-Alzette, L-4364
Luxembourg

HOME PAGE: http://www.sierminska.eu

DIW Berlin - German Socio-Economic Panel Study (SOEP)

Mohrenstraße 58
Berlin, 10117
Germany

IZA Institute of Labor Economics ( email )

P.O. Box 7240
Bonn, D-53072
Germany

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