The Wealth Inequality of Nations
The Wealth Inequality of Nations
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DOI：
10.1177/00031224211027800
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发表时间：
2021-04
影响因子：
9.1
通讯作者：
Fabian T. Pfeffer;Nora Waitkus
中科院分区：
文献类型：
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作者：
Fabian T. Pfeffer;Nora Waitkus
对收入不平等的比较研究产生了若干框架，用以研究收入分层的制度性决定因素。相比之下，没有这样的框架，更不存在经验证据来解释财富不平等的跨国差异。这种情况尤其可悲，因为财富不平等的跨国模式与收入不平等的跨国模式大相径庭。我们试图通过追踪不同财富组成部分的影响，为财富不平等的跨国差异的新解释铺平道路。借鉴金融化和住房的文献，我们认为，住房公平应该是财富不平等的比较分析的核心组成部分。使用卢森堡财富研究（LWS）中包含的15个国家的统一数据，我们证明了国家收入水平与财富不平等和集中度之间缺乏关联。使用分解方法，我们然后估计的程度，国家水平的财富不平等和集中度与跨国差异的财富组合和特定资产成分的分布。考虑到住房公平，金融资产，非住房真实的资产，和非住房债务的作用，我们表明，财富不平等和集中度的跨国变化是由住房公平的分布集中决定。
Comparative research on income inequality has produced several frameworks to study the institutional determinants of income stratification. In contrast, no such framework and much less empirical evidence exist to explain cross-national differences in wealth inequality. This situation is particularly lamentable as cross-national patterns of inequality in wealth diverge sharply from those in income. We seek to pave the way for new explanations of cross-national differences in wealth inequality by tracing them to the influence of different wealth components. Drawing on the literatures on financialization and housing, we argue that housing equity should be the central building block of the comparative analysis of wealth inequality. Using harmonized data on 15 countries included in the Luxembourg Wealth Study (LWS), we demonstrate a lack of association between national levels of income and wealth inequality and concentration. Using decomposition approaches, we then estimate the degree to which national levels of wealth inequality and concentration relate to cross-national differences in wealth portfolios and the distribution of specific asset components. Considering the role of housing equity, financial assets, non-housing real assets, and non-housing debt, we show that cross-national variation in wealth inequality and concentration is centrally determined by the distribution of housing equity.