TY  - RPRT
        AU  - Kontbay-Busun, Sine
AU  - Peichl, Andreas
        TI  - Multidimensional Affluence in Income and Wealth in the Eurozone: A Cross-Country Comparison Using the HFCS
        PY  - 2015/Jun/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 9139
        UR  - https://www.iza.org/publications/dp9139
        AB  - 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.
        KW  - top incomes
KW  - multidimensional measurement
KW  - richness
KW  - wealth
KW  - inequality
        ER  -