Accounting for cross-country differences in wealth inequality

By: Frank A Cowell
Eleni Karagiannaki
Abigail McKnight
URL: http://d.repec.org/n?u=RePEc:cep:sticas:case168&r=ltv
This paper adopts a counterfactual decomposition analysis to analyse cross-country differences in the size of household wealth and levels of household wealth inequality. The findings of the paper suggest that the biggest share of cross-country differences is not due to differences in the distribution of household demographic and economic characteristics but rather reflect strong unobserved country effects.
Keywords: household wealth, wealth inequality, debt, housing assets, educational loans, age-wealth profiles, decomposition
JEL: C81
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