December 10, 2014

Cluster-Seminar Public Finances and Living Conditions

The top tail of the German wealth distribution

Date

December 10, 2014

Location

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

Speakers

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.

Contact

keyboard_arrow_up