Replication data for: Heterogeneity in Returns to Wealth and the Measurement of Wealth Inequality
Principal Investigator(s): View help for Principal Investigator(s) Andreas Fagereng; Luigi Guiso; Davide Malacrino; Luigi Pistaferri
Version: View help for Version V1
Name | File Type | Size | Last Modified |
---|---|---|---|
AER_PP_FGMP.dta | application/octet-stream | 15.1 KB | 10/12/2019 07:01:AM |
LICENSE.txt | text/plain | 14.6 KB | 10/12/2019 07:01:AM |
readme.pdf | application/pdf | 27.2 KB | 10/12/2019 07:01:AM |
results.do | text/plain | 1.2 KB | 10/12/2019 07:01:AM |
Project Citation:
Fagereng, Andreas, Guiso, Luigi, Malacrino, Davide, and Pistaferri, Luigi. Replication data for: Heterogeneity in Returns to Wealth and the Measurement of Wealth Inequality. Nashville, TN: American Economic Association [publisher], 2016. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113444V1
Project Description
Summary:
View help for Summary
Lacking a long time series on the assets of the very wealthy, Saez and Zucman (2015) use US tax records to obtain estimates of wealth holdings by capitalizing asset income from tax returns. They document marked upward trends in wealth concentration. We use data on tax returns and actual wealth holdings from tax records for the whole Norwegian population to test the robustness of the methodology. We document that measures of wealth based on the capitalization approach can lead to misleading conclusions about the level and the dynamics of wealth inequality if returns are heterogeneous and even moderately correlated with wealth.
Scope of Project
Subject Terms:
View help for Subject Terms
Economic inequality;
measurement
JEL Classification:
View help for JEL Classification
D31 Personal Income, Wealth, and Their Distributions
D31 Personal Income, Wealth, and Their Distributions
Geographic Coverage:
View help for Geographic Coverage
Norway
Time Period(s):
View help for Time Period(s)
1993 – 2013
Universe:
View help for Universe
Households in Norway
Data Type(s):
View help for Data Type(s)
administrative records data
Methodology
Data Source:
View help for Data Source
https://www.ssb.no/en/omssb/tjenester-og-verktoy/data-til-forskning
Related Publications
Published Versions
Report a Problem
Found a serious problem with the data, such as disclosure risk or copyrighted content? Let us know.
This material is distributed exactly as it arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.