International comparisons of wealth inequality

Edward N. Wolff

    Research output: Contribution to journalReview article

    Abstract

    This study presents reasonably comparable estimates of the size distribution of household or personal wealth for eight OECD countries - Australia, Canada, France, Germany, Japan, Sweden, the United Kingdom, and the United States. In the mid-1980s, the U.S. ranked as the most unequal and Japan the least, while the other six countries had roughly comparable levels of wealth inequality. Moreover, while wealth inequality rose sharply in the U.S. during the 1980s, it increased modestly in Sweden and showed little change or a slight decline in Canada, France, and the U.K. A comparison of time trends for the U.K. and the U.S. suggests that the relatively high wealth inequality in the U.S. in the 1980s represents a marked turnaround from the 1950s, when the U.S. was considerably more equal in terms of wealth ownership than the U.K. Comparative results for the two countries hold for both conventional (marketable) wealth and for augmented wealth, which includes a valuation of public and private pension wealth.

    Original languageEnglish (US)
    Pages (from-to)433-451
    Number of pages19
    JournalReview of Income and Wealth
    Volume42
    Issue number4
    StatePublished - Dec 1996

    Fingerprint

    Wealth inequality
    International comparison
    Wealth
    Sweden
    France
    Japan
    Canada
    Germany
    Ownership
    Public pensions
    Time trends
    Private pensions
    Household
    OECD countries

    ASJC Scopus subject areas

    • Economics and Econometrics

    Cite this

    International comparisons of wealth inequality. / Wolff, Edward N.

    In: Review of Income and Wealth, Vol. 42, No. 4, 12.1996, p. 433-451.

    Research output: Contribution to journalReview article

    Wolff, EN 1996, 'International comparisons of wealth inequality', Review of Income and Wealth, vol. 42, no. 4, pp. 433-451.
    Wolff, Edward N. / International comparisons of wealth inequality. In: Review of Income and Wealth. 1996 ; Vol. 42, No. 4. pp. 433-451.
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