UCL logo

UCL Discovery

UCL home » Library Services » Electronic resources » UCL Discovery

Older or Wealthier? The Impact of Age Adjustment on Wealth Inequality

Almås, I; Mogstad, M; (2012) Older or Wealthier? The Impact of Age Adjustment on Wealth Inequality. Scandinavian Journal of Economics , 114 (1) 24 - 54. 10.1111/j.1467-9442.2011.01662.x.

Full text not available from this repository.

Abstract

Differences in individual wealth holdings are widely viewed as a driving force of economic inequality. However, as this finding relies on cross-sectional data, a concern is that older is confused with wealthier. We propose a new method to adjust for age effects in cross-sections, which eliminates wealth inequality due to age, yet preserves inequality arising from other factors. Using a new cross-country comparable database, we examine the impact of age adjustments on wealth inequality across countries and over time. We find that the most widely used method yields a substantially different picture of age-adjusted wealth inequality than our method. © 2011 The editors of The Scandinavian Journal of Economics.

Type:Article
Title:Older or Wealthier? The Impact of Age Adjustment on Wealth Inequality
DOI:10.1111/j.1467-9442.2011.01662.x
UCL classification:UCL > School of Arts and Social Sciences > Faculty of Social and Historical Sciences > Economics

Archive Staff Only: edit this record