Multidimensional affluence: theory and applications to Germany and the US

Publication type

Journal Article

Authors

Publication date

November 15, 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

Volume: 45 , p.4 -4

DOI

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

ISSN

36846

Subjects

Notes

Online in Albert Sloman Library, except current 12 months

#521844

News

Latest findings, new research

Publications search

Search all research by subject and author

Podcasts

Researchers discuss their findings and what they mean for society

Projects

Background and context, methods and data, aims and outputs

Events

Conferences, seminars and workshops

Survey methodology

Specialist research, practice and study

Taking the long view

ISER's annual report

Themes

Key research themes and areas of interest