This exploratory article examines several aspects of the complex problem of combining data on income and wealth into a single measure of economic well-being. Examples of income-wealth measures that have been used are described. Estimates of the economic well-being of age groups in the current period are presented for several measures. To examine the sensitivity of the results to the choice of m...

Using the empirical data from the Norwegian Tax Administration, we analyze the wealth and income of the richest individuals in Norway during the period 2010–2013. We find that both annual income and wealth level of the richest individuals are describable using the Pareto law. We find that the robust mean Pareto exponent over the four-year period to be ≈2.3 for income and ≈1.5 for wealth. © 2017...

OBJECTIVES We assess the income and wealth packages of older women's (age 65+ years) households and the extent to which low income is paired with low wealth, across a group of six high-income countries. METHODS We use data on income and net worth from the Luxembourg Wealth Study, a new cross-national microdatabase. We define income poverty as having household income less than 50% of the natio...

This paper studies optimum income taxation in a small open economy where households differ with respect to their endowments with wealth. The government raises taxes on income from labor and wealth and a source tax on capital used in domestic production. To avoid taxes, households may, at some cost, shift capital to labor income and vice versa. The government can only observe income after shifti...

This exploratory article examines several aspects of the complex problem of combining data on income and wealth into a single measure of economic well-being. Examples of income-wealth measures that have been used are described. Estimates of the economic well-being of age groups in the current period are presented for several measures. To examine the sensitivity of the results to the choice of m...

Using data from the Assets and Debts Survey of 1984 and the Survey of Financial Security of 1999, we document the evolution of wealth inequality in Canada between 1984 and 1999. Our main findings are as follows: 1) wealth inequality has increased between 1984 and 1999, 2) the growth in wealth inequality has been associated with substantial declines in real average and median wealth for young co...

We examine the ways in which racial differences in health vary over the income-wealth distribution, comparing the self-reported health status of non-Hispanic whites with those of individuals of other races and ethnicities. Paradoxically, we find that although the largest unadjusted racial differences in health are between poor whites and poor nonwhites, after adjusting for income, wealth, and o...

in this paper, forecasting error for state tax revenues is assessed. for this purpose, using the regression equation, statistical index, and mean percent error, root mean square error, mean absolute percent error and error analysis of tile inequality coefficients are applied on anticipated revenue from taxes on legal entities, income taxes, wealth tax, taxes on imports and taxes on consumption ...

The concentration of personal wealth is now receiving a great deal of attention - after having been neglected for many years. One reason is the growing recognition that, in seeking explanations for rising income inequality, we need to look not only at wages and earned income but also at income from capital, particularly at the top of the distribution. In this paper, we use evidence from existin...

Acknowledgements The authors would like to thank Christopher Herbert and Eric Belsky for helpful advice and editing. iii iv Executive Summary Homeownership has received great support from policy makers because of its perceived significant financial and social benefits for both individuals and communities. Interested researchers have generated a rich body of research on factors that could help i...