Accounting for cross-country differences in wealth inequality

Frank A Cowell, Eleni Karagiannaki and Abigail McKnight

Published 1 March 2013

This paper adopts a counterfactual decomposition analysis to analyse cross-country differences in the size of household wealth and levels of household wealth inequality. The findings of the paper suggest that the biggest share of cross-country differences is not due to differences in the distribution of household demographic and economic characteristics but rather reflect strong unobserved country effects.