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Replication data for: Heterogeneity in Returns to Wealth and the Measurement of Wealth Inequality

Version
V0
Resource Type
Dataset
Creator
  • Fagereng, Andreas
  • Guiso, Luigi
  • Malacrino, Davide
  • Pistaferri, Luigi
Publication Date
2016-05-01
Description
  • Abstract

    Lacking a long time series on the assets of the very wealthy, Saez and Zucman (2015) use US tax records to obtain estimates of wealth holdings by capitalizing asset income from tax returns. They document marked upward trends in wealth concentration. We use data on tax returns and actual wealth holdings from tax records for the whole Norwegian population to test the robustness of the methodology. We document that measures of wealth based on the capitalization approach can lead to misleading conclusions about the level and the dynamics of wealth inequality if returns are heterogeneous and even moderately correlated with wealth.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.p20161022 (Text)
Publications
  • Fagereng, Andreas, Luigi Guiso, Davide Malacrino, and Luigi Pistaferri. American Economic Review, American Economic Review, 106, no. 5 (n.d.): 651–55. https://doi.org/10.1257/aer.p20161022.
    • ID: 10.1257/aer.p20161022 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Fagereng, Andreas; Guiso, Luigi; Malacrino, Davide; Pistaferri, Luigi (2016): Replication data for: Heterogeneity in Returns to Wealth and the Measurement of Wealth Inequality. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E113444