10. Dezember 2014

Cluster-Seminar Öffentliche Finanzen und Lebenslagen

The top tail of the German wealth distribution

Termin

10. Dezember 2014

Ort

Eleanor-Dulles-Raum
DIW Berlin im Quartier 110
Room 5.2.010
Anton-Wilhelm-Amo-Straße 58
10117 Berlin

Sprecher*innen

Aline Zucco

We investigate the top tail of the German wealth distribution using the first wave of the Household Finance and Consumption Survey (HFCS). Assuming that wealth follows a Pareto distribution above a minimum level, we correct for the "missing rich" by imputing wealth above three million Euro. Then, we investigate the German wealth distribution considering the impact of the imputation. To test the robustness of the results, the imputation is replicated using the SOEP 2012. The findings suggest that the concentration of wealth in the top tail is substantially higher in the corrected wealth distribution.

Kontakt

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