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Methods for summarizing and comparing wealth distributions

Jenkins, Stephen P. and Jäntti, Markus (2008) Methods for summarizing and comparing wealth distributions. Banca d'Italia. (Unpublished)

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Abstract

This paper reviews methods for summarizing and comparing wealth distributions. We show that many of the tools commonly used to summarize income distributions can also be applied to wealth distributions, albeit adapted in order to account for the distinctive features of wealth distributions: zero and negative wealth values; spikes in density at or around zero; right-skewness with long and sparse tails combined with non-trivial prevalence of extreme values. Illustrations are provided using data for Finland.

Item Type: Monograph (Working Paper)
Library of Congress subject classification: H Social Sciences > HB Economic Theory
H Social Sciences > HC Economic History and Conditions
Sets: Departments > Social Policy
Research centres and groups > Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD)
Collections > Economists Online
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 07 Feb 2011 10:51
URL: http://eprints.lse.ac.uk/32115/

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