Wealth polarization in western countries

Michele Fabiani

Structural Change and Economic Dynamics, 2024, vol. 71, issue C, 557-567

Abstract: This paper delves into the dynamics of wealth distribution across various countries, utilizing innovative methodologies to uncover patterns of wealth polarization and its determinants. Wealth, distinct from income, reflects long-term economic resources and serves as a crucial indicator of economic well-being. Employing the "relative distribution" method and Recentered Influence Function (RIF) regression, this study examines changes in wealth distribution and the factors driving wealth polarization across eight European countries, Australia, and the United States.

Keywords: Wealth; Wealth polarization; RIF-regression; Relative distribution (search for similar items in EconPapers)
JEL-codes: C14 D31 D63 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:streco:v:71:y:2024:i:c:p:557-567

DOI: 10.1016/j.strueco.2024.09.004

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