Low Income Inequality, High Wealth Inequality.The Puzzle of the Rhineland Welfare States

Bas J.P. Van Bavel and Ewout Frankema

No 50, Working Papers from Utrecht University, Centre for Global Economic History

Abstract: Inequality studies tend to assume a positive correlation between income and wealth inequality. We doubt whether this holds for Rhineland welfare states as they seem to combine low income inequality with high wealth inequality levels. We hypothesize that publicly funded life-time income security, which is so typical for Rhineland welfare states, enhances private debt creation, while the redistributive taxes required to finance this system are targeting income rather than wealth.

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Pages: 23
Date: 2013-11
New Economics Papers: this item is included in nep-pbe
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