Publications of the Project: Wealth-Holders at the Top (WATT): An Interdisciplinary Research Network

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DIW Weekly Report 30/31 / 2020

Millionaires under the Microscope: Data Gap on Top Wealth Holders Closed: Wealth Concentration Higher than Presumed

Individuals with assets in the millions of euros have been underrepresented in population surveys and accordingly little has been known about them. As a result, the full extent of wealth concentration in Germany was unknown. To close the existing data gap, the Socio-Economic Panel (SOEP) inte- grated a special sample in which individuals with high assets are overrepresented. New calculations using ...

2020| Carsten Schröder, Charlotte Bartels, Konstantin Göbler, Markus M. Grabka, Johannes König
SOEPpapers 1117 / 2021

Risk Preference and Entrepreneurial Investment at the Top of the Wealth Distribution

We present first evidence how individual risk preferences shape entrepreneurial investment among the very wealthy using novel survey data from the top of the wealth distribution, which have been added to the 2019 German Socio-economic Panel Study. The data include private wealth balance sheets, in particular the value of own private business assets, and a standard measure of risk tolerance. We find that ...

2021| Frank M. Fossen, Johannes König, Carsten Schröder
SOEPpapers 1114 / 2020

Improving the Coverage of the Top-Wealth Population in the Socio-Economic Panel (SOEP)

We have developed and implemented a new sampling strategy to better represent very wealthy individuals in the German Socio-Economic Panel (SOEP). Our strategy is based on the empirical regularity that the very wealthy have at least part of their assets invested in businesses, and that businesses document shares of relevant shareholders in their books. Our results show that combined analysis of the ...

2020| Carsten Schröder, Charlotte Bartels, Konstantin Göbler, Markus M. Grabka, Johannes König, Rainer Siegers, Sabine Zinn
Externe referierte Aufsätze

A Novel Sampling Strategy for Surveying High Net-Worth Individuals: A Pretest Using the Socio-Economic Panel

High‐wealth individuals are typically underrepresented or completely missing in population surveys. The lack of comprehensive national registers on high‐wealth individuals in many countries challenged previous attempts to remedy this under‐representation. In a novel research design, we draw on public data on the shareholding structures of companies as a sampling frame. Our design builds on the empirical ...

In: The Review of Income and Wealth 66 (2020), 4, S. 825-849 | Rainer Siegers, Charlotte Bartels, Martin Kroh, Carsten Schröder, Markus M. Grabka, Johannes König
Weitere Aufsätze

Wealth Inequalities

In: Klaus F. Zimmermann (Ed.) , Handbook of Labor, Human Resources and Population Economics
Berlin: Springer
S. 1-38
| Johannes König, Carsten Schröder, Edward N. Wolff
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