Economics at your fingertips  

Persistently High Wealth Inequality in Germany

Markus Grabka () and Christian Westermeier

DIW Economic Bulletin, 2014, vol. 4, issue 6, 3-15

Abstract: According to current analyses based on the Socio-Economic Panel Study (SOEP), the total net assets of German households in 2012 amounted to 6.3 trillion euros. Almost 28 percent of the adult population had no or even negative net wealth. On average, individual net assets in 2012 totaled over 83,000 euros, slightly more than ten years previously. The degree of wealth inequality also remained virtually unchanged. With a Gini coefficient of 0.78, Germany has a high degree of wealth inequality compared to other countries, and there is still a wide gap between western and eastern Germany almost 25 years after unification. In 2012, the average net wealth of eastern Germans was less than half that of western Germans.

Keywords: Wealth inequality; wealth portfolio; SOEP (search for similar items in EconPapers)
JEL-codes: D31 I31 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations: View citations in EconPapers (14) Track citations by RSS feed

Downloads: (external link) ... n_bull_2014-06-1.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in DIW Economic Bulletin from DIW Berlin, German Institute for Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Bibliothek ().

Page updated 2022-11-09
Handle: RePEc:diw:diwdeb:2014-6-1