Where Does Wealth Come From? Measuring Lifetime Resources in Norway

Sandra Black, Paul Devereux, Fanny Landaud () and Kjell Salvanes
Additional contact information
Fanny Landaud: THEMA - Théorie économique, modélisation et applications - CNRS - Centre National de la Recherche Scientifique - CY - CY Cergy Paris Université, CNRS - Centre National de la Recherche Scientifique

Post-Print from HAL

Abstract: In this paper, we use comprehensive administrative data on the population of Norway to create a measure of lifetime resources, which generates several stylized facts. First, lifetime resources are highly correlated with net wealth, but net wealth is more unequally distributed. Second, labor income is the most important component of lifetime resources, except among the top 1 percent where capital income and capital gains on financial assets become important. Lastly, lifetime resources are a better predictor of child human capital outcomes than net wealth, suggesting that, in some cases, inequality in lifetime resources may be more relevant than inequality in wealth.

Date: 2023-11-01
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Published in Journal of Economic Perspectives, 2023, 37 (4), pp.115-136. ⟨10.1257/jep.37.4.115⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Where Does Wealth Come From? Measuring Lifetime Resources in Norway (2023)
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: https://EconPapers.repec.org/RePEc:hal:journl:hal-04322081

DOI: 10.1257/jep.37.4.115

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().