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Accounting for cross-country differences in wealth inequality
Frank A Cowell, Eleni Karagiannaki and Abigail McKnight
March 2013
Paper No' CASE/168:
Full Paper (pdf)

JEL Classification: C81, D31, D63, I24, I31

Tags: household wealth; wealth inequality; debt; housing assets; educational loans; age-wealth profiles; decomposition

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.