Inequality Among the Wealthy

37 Pages Posted: 30 Sep 2011

See all articles by Frank Cowell

Frank Cowell

London School of Economics & Political Science (LSE) - Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD)

Date Written: June 2011

Abstract

Using the evidence from the Luxembourg Wealth Study it appears that the distribution of wealth in the UK is considerably less than in Canada, the US or Sweden. But does this result come from an underestimate of inequality among the wealthy and of the wealth differential between the rich and the rest? Using a Pareto model for the upper tail of the distribution we can see that the inequality of comparisons of the UK with the other countries is indeed robust.

JEL Classification: D31

Suggested Citation

Cowell, Frank A., Inequality Among the Wealthy (June 2011). LSE STICERD Research Paper No. CASE150. Available at SSRN: https://ssrn.com/abstract=1935759

Frank A. Cowell (Contact Author)

London School of Economics & Political Science (LSE) - Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD) ( email )

Houghton Street
London WC2A 2AE
United Kingdom
+44 (0)171-955 7277 (Phone)
+44 (0)171-242 2357 (Fax)

Register to save articles to
your library

Register

Paper statistics

Downloads
100
Abstract Views
511
rank
271,462
PlumX Metrics