25 Pages Posted: 17 Jul 2008
Date Written: June 16, 2008
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. 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
By Angus Deaton