%0 Report
        %A Kontbay-Busun, Sine
%A Peichl, Andreas
        %T Multidimensional Affluence in Income and Wealth in the Eurozone: A Cross-Country Comparison Using the HFCS
        %D 2015
        %8 2015 Jun
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 9139
        %U https://www.iza.org/index.php/publications/dp9139
        %X This paper applies multidimensional affluence measures to a new dataset on income and wealth in 15 Eurozone countries. We start our analysis by examining the income and wealth distributions separately for each country, and extend it to a multidimensional setting by considering the joint distribution of income and wealth. The results indicate that, with the exception of Cyprus, France, Italy and Slovenia, less than 10% of households are affluent in both income and net wealth. Investigating the joint distributions of income and net wealth confirms that France demonstrates a more homogenous distribution of richness among affluent households compared to other countries in the sample. Portugal demonstrates a higher concentration of richness in the hands of a few compared to the majority of other countries in the sample. The degree of countries' affluence rankings differs with respect to the measures of multidimensional affluence considered.
        %K top incomes
%K multidimensional measurement
%K richness
%K wealth
%K inequality