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Abstract for:

Accounting for cross-country differences in wealth inequality

Frank A  Cowell,  Eleni  Karagiannaki,  Abigail  McKnight,  March 2013
Paper No' CASE/168: | Full paper (pdf)
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Keywords: household wealth; wealth inequality, debt, housing assets, educational loans, age-wealth profiles, decomposition

JEL Classification: C81, D31, D63, I24, I31

Is hard copy/paper copy available? YES - Paper Copy Still In Print.
This Paper is published under the following series: CASE Papers
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This paper adopts a counterfactual decomposition analysis to analyse cross-country differences in the size of household wealth and levels of household wealth inequality. The findings of the paper suggest that the biggest share of cross-country differences is not due to differences in the distribution of household demographic and economic characteristics but rather reflect strong unobserved country effects.