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Erscheinungsjahr: 
2018
Schriftenreihe/Nr.: 
JRC Working Papers on Taxation and Structural Reforms No. 04/2018
Verlag: 
European Commission, Joint Research Centre (JRC), Seville
Zusammenfassung: 
We analyze the top tail of the wealth distribution in Germany, France, and Spain based on the first and second wave of the Household Finance and Consumption Survey (HFCS). Since top wealth is likely to be underrepresented in household surveys, we integrate big fortunes from rich lists, estimate a Pareto distribution, and impute the missing rich. In addition to the Forbes list, we rely on national rich lists since they represent a broader base for the big fortunes in those countries. As a result, the top percentile share of household wealth in Germany jumps up from 24 percent to 31 percent in the first and from 24 to 33 percent in the second wave after top wealth imputation. For France and Spain, we find only a small effect of the imputation since rich households are better captured in the survey.
Schlagwörter: 
Wealth distribution
missing rich
Pareto distribution
HFCS
JEL: 
D31
C46
C81
Dokumentart: 
Working Paper

Datei(en):
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