A Head-to-Head Comparison of Augmented Wealth in Germany and the United States*

Timm Bönke; Markus M. Grabka; Carsten Schröder; Edward N. Wolff

doi:10.1111/sjoe.12364

A Head-to-Head Comparison of Augmented Wealth in Germany and the United States*

Timm Bönke, Markus M. Grabka, Carsten Schröder, Edward N. Wolff

Research output: Contribution to journal › Article › peer-review

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. 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.

Original language	English (US)
Pages (from-to)	1140-1180
Number of pages	41
Journal	Scandinavian Journal of Economics
Volume	122
Issue number	3
DOIs	https://doi.org/10.1111/sjoe.12364
State	Published - Jul 1 2020

Keywords

Augmented wealth
Socio-Economic Panel
Survey of Consumer Finances
net worth
pension wealth

ASJC Scopus subject areas

Economics and Econometrics

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10.1111/sjoe.12364

Cite this

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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. 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.",

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AU - Grabka, Markus M.

AU - Schröder, Carsten

AU - Wolff, Edward N.

N1 - Publisher Copyright: © The editors of The Scandinavian Journal of Economics 2019.

PY - 2020/7/1

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A Head-to-Head Comparison of Augmented Wealth in Germany and the United States*

Abstract

Keywords

ASJC Scopus subject areas

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