The Top Tail of the Wealth Distribution in Germany, France, Spain, and Greece

Stefan Bach (), Andreas Thiemann () and Aline Zucco

VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy from Verein für Socialpolitik / German Economic Association

Abstract: In this study we analyze the top tail of the wealth distribution in Germany and France based on the Household Finance and Consumption Survey (HFCS). Since top wealth is likely to be underrepresented in household surveys we integrate the big fortunes from rich lists, estimate a Pareto distribution, and impute the missing rich. As a result, the top percentile share of household wealth in Germany jumps up from 24 percent based on the HFCS alone to 34 percent after top wealth imputation. For France there is only a small effect of the imputation since rich households are better captured in the survey.

JEL-codes: C46 C81 D31 (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-eur
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Citations: View citations in EconPapers (19)

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Working Paper: The Top Tail of the Wealth Distribution in Germany, France, Spain, and Greece (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc15:112953

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