ECB paper finds rich to be richer than previously thought

nov2013-gift-wealth-management-package

A working paper from a European Central Bank economist claims to provide a method of measuring the concentration of wealth with the richest households that "greatly reduces the bias" caused by the fact that richer households respond less to surveys than do poorer households.

In How fat is the top tail of the wealth distribution?, Philip Vermeulen combines survey data with data from rich lists and uses them jointly to estimate a Pareto (power-law) distribution for tail wealth. His paper combines

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.