@TechReport{iza:izadps:dp9190,
            	author={Jäntti, Markus and Sierminska, Eva and Kerm, Philippe Van},
            	title={Modelling the Joint Distribution of Income and Wealth},
            	year={2015},
	month={Jul},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={9190},
            	url={https://www.iza.org/publications/dp9190},
	abstract={This paper considers a parametric model for the joint distribution of income and wealth. The model is used to analyze income and wealth inequality in five OECD countries using comparable household-level survey data. We focus on the dependence parameter between the two variables and study whether accounting for wealth and income jointly reveals a different pattern of social inequality than the traditional 'income only' approach. We find that cross-country variations in the dependence parameter effectively accounts only for a small fraction of cross-country differences in a bivariate measure of inequality. The index appears primarily driven by differences in inequality in the wealth distribution.},
	keywords={multivariate Gini;copula;inequality;wealth;income},
            }