A Head-to-Head Comparison of Augmented Wealth in Germany and the United States

Timm Bönke, Markus Grabka, Carsten Schröder and Edward N. Wolff

EconStor Open Access Articles and Book Chapters, 2020, vol. 122, issue 3, 1140-1180

Abstract: We examine the composition of augmented household wealth (i.e., the sum of net worth and pension wealth) in the United States and Germany. Pension wealth makes up a considerable portion of household wealth, of about 48 percent in the United States and 61 percent in Germany. When pension wealth is included in household wealth, the Gini coefficient falls from 0.889 to 0.700 in the United States, and from 0.755 to 0.508 in Germany. If the wealth shares in Germany were the same as in the United States, this would lead to a 12.6 percent increase in the Gini coefficient in the augmented wealth distribution in Germany.

Keywords: Augmented wealth; net worth; pension wealth; Socio-Economic Panel; Survey of Consumer Finances (search for similar items in EconPapers)
JEL-codes: D31 H55 J32 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (20)

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Related works:
Journal Article: A Head‐to‐Head Comparison of Augmented Wealth in Germany and the United States (2020)
Working Paper: A Head-to-Head Comparison of Augmented Wealth in Germany and the United States (2018)
Working Paper: A Head-to-Head Comparison of Augmented Wealth in Germany and the United States (2017)
Working Paper: A Head-to-Head Comparison of Augmented Wealth in Germany and the United States (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:espost:232057

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