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Journal Article

Multidimensional affluence: theory and applications to Germany and the US

Authors

Publication date

Nov 2013

Summary

This article suggests multidimensional affluence measures for the top of the distribution. In contrast to commonly used top income shares, they allow the analysis of the extent, intensity and breadth of affluence in several dimensions within a common framework. We illustrate this by analysing the role of income and wealth as dimensions of multidimensional well-being in Germany and the US in 2007 as well as for the US over the period 1989-2007. We find distinct country differences with the country ranking depending on the measure. While in Germany wealth predominantly contributes to the intensity of affluence, income is more important in the US.

Published in

Applied Economics

Volume and page numbers

45 , 4591 -4601

DOI

http://dx.doi.org/10.1080/00036846.2013.795280

ISSN

16

Subjects

Economics, Income Dynamics, and Savings And Assets

Links

http://serlib0.essex.ac.uk/record=b1594910~S5

Notes

Online in Albert Sloman Library, except current 12 months

#521844


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