A Head-to-Head Comparison of Augmented Wealth in Germany and the United States
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 in...
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| Veröffentlicht in: | The Scandinavian journal of economics 2020-07, Vol.122 (3), p.1140-1180 |
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| container_title | The Scandinavian journal of economics |
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| creator | Bönke, Timm Grabka, Markus M Schröder, Carsten Wolff, Edward N |
| description | 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. |
| doi_str_mv | 10.1111/sjoe.12364 |
| format | Article |
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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. 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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.</description><subject>Augmentation</subject><subject>Augmented wealth</subject><subject>Households</subject><subject>International comparisons</subject><subject>net worth</subject><subject>pension wealth</subject><subject>Socio-Economic Panel</subject><subject>Survey of Consumer Finances</subject><subject>Wealth distribution</subject><issn>0347-0520</issn><issn>1467-9442</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2020</creationdate><recordtype>article</recordtype><recordid>eNp9kE1Lw0AURQdRsFY37oUBd0Lqm49kkmUptVWKXdTicphkXm1Kk6kzKdJ_b2J069uczbn3wSXklsGItfcYdg5HjItEnpEBk4mKMin5ORmAkCqCmMMluQphBwCxADYgr2M6R2OjxkUd6cRVB-PL4GrqNnR8_KiwbtDSdzT7ZkvLms7QV6Y-UVNb2myRruuyE1aNaTBck4uN2Qe8-eWQrJ-mb5N5tFjOnifjRVSIjMsoZbLgucgFU1iABRVzzK2ygueQWiNjhLgwOQhAyXiaJjaz2cZgloExjKMYkvu-9-Dd5xFDo3fu6Ov2peaSZamKE5W21kNvFd6F4HGjD76sjD9pBrrbS3d76Z-9Wpn18le5x9M_pl69LKd_mbs-g4Wry6A7hMZ5zQWHWIlvmw91tA</recordid><startdate>202007</startdate><enddate>202007</enddate><creator>Bönke, Timm</creator><creator>Grabka, Markus M</creator><creator>Schröder, Carsten</creator><creator>Wolff, Edward N</creator><general>Wiley</general><general>Blackwell Publishing Ltd</general><scope>OT2</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>202007</creationdate><title>A Head-to-Head Comparison of Augmented Wealth in Germany and the United States</title><author>Bönke, Timm ; Grabka, Markus M ; Schröder, Carsten ; Wolff, Edward N</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c3924-814c2b3b317ec0d0752ebd7d32b08da45e05cab030e412886d9d9fae990aa12e3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2020</creationdate><topic>Augmentation</topic><topic>Augmented wealth</topic><topic>Households</topic><topic>International comparisons</topic><topic>net worth</topic><topic>pension wealth</topic><topic>Socio-Economic Panel</topic><topic>Survey of Consumer Finances</topic><topic>Wealth distribution</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Bönke, Timm</creatorcontrib><creatorcontrib>Grabka, Markus M</creatorcontrib><creatorcontrib>Schröder, Carsten</creatorcontrib><creatorcontrib>Wolff, Edward N</creatorcontrib><collection>EconStor</collection><collection>CrossRef</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>The Scandinavian journal of economics</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Bönke, Timm</au><au>Grabka, Markus M</au><au>Schröder, Carsten</au><au>Wolff, Edward N</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>A Head-to-Head Comparison of Augmented Wealth in Germany and the United States</atitle><jtitle>The Scandinavian journal of economics</jtitle><date>2020-07</date><risdate>2020</risdate><volume>122</volume><issue>3</issue><spage>1140</spage><epage>1180</epage><pages>1140-1180</pages><issn>0347-0520</issn><eissn>1467-9442</eissn><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. 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| source | Wiley Online Library Journals Frontfile Complete; EBSCOhost Business Source Complete |
| subjects | Augmentation Augmented wealth Households International comparisons net worth pension wealth Socio-Economic Panel Survey of Consumer Finances Wealth distribution |
| title | A Head-to-Head Comparison of Augmented Wealth in Germany and the United States |
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