The household wealth distribution in Spain: the role of housing and financial wealth

• Autores: Francisco Azpitarte
• Localización: Hacienda Pública Española / Review of Public Economics, ISSN 0210-1173, Nº 194, 2010, págs. 65-90
• Idioma: inglés
• Enlaces
  • Texto completo (pdf)
• Resumen

  • This paper studies female and male segregation in the Spanish labor market paying special attention to differences among industries. For this purpose, it studies segregation when jointly considering differences in 66 occupations and 4 large sectors (agriculture-fishing, construction, industry, and services), and analyzes the evolution of segregation from 1994 to 2009. In addition, it quantifies the occupational segregation within each large sector. In order to delve deeper in the analysis, differences between public and private services in terms of occupational segregation are also offered. In doing so, this paper uses additively decomposable indices, together with local segregation curves, recently proposed in the literature, which allows us to go further in the empirical analysis.

• Referencias bibliográficas
  • Alvaredo, F. and Saez, E. (2009), "Income and Wealth Concentration in Spain in a Historical and Fiscal Perspective", Journal of the...
  • Arcarons, J. and Calonge, S. (2003), "El Impuesto sobre el Patrimonio: un modelo de microsimulación para el análisis de sus reformas",...
  • Arévalo, R. and Otero, M. S. (2007), "Un análisis comparativo de la vivienda en Europa", Ekonomiaz, 66: 318-329.
  • Blundell, R. and Preston, I. (1998), "Consumption Inequality and Income Uncertainty", Quarterly Journal of Economics, 113: 603-640.
  • Bover, O. (2004), "Spanish Survey of Household Finances (EFF): Description and Methods of the 2002 Wave", Occasional Paper No. 0409,...
  • Bover, O. (2005), "Spanish Survey of Household Finances (EFF): Description, Methods and Preliminary Results", Economic Bulletin of...
  • Bover, O. (2010), "Wealth Inequality and Household Structure: U.S. vs. Spain". Review of Income and Wealth, Vol. 56 (2): 259-290.
  • Bover, O., Martínez, C., and Velilla, P. (2005), "The Wealth of Spanish Households: a Microeconomic Comparison with the United States,...
  • Brandolini, A., Cannari, L., D'Alessio, G., and Faiella, I. (2004), "Household Wealth Distribution in Italy in the 1990s". Bank...
  • Budria, S., Díaz-Jiménez, J., Quadrini, V. and Ríos-Rull, J. V. (2002), "Updated Facts on the U.S. Distributions of Earnings, Income and...
  • Chantreuil, F. and Trannoy, A. (1999), "Inequality Decomposition Values: The Trade-Off between Marginality and Consistency", Discussion...
  • Davies, J. and Shorrocks, A. (2000), "The Distribution of Wealth", in A. B. Atkinson and F. Bourguignon (eds.), Handbook of Income...
  • García-Vaquero, V. and Martínez, J. (2005), "La Fiscalidad de la Vivienda en España", Occasional Paper No. 0506, Bank of Spain.
  • Gottschalk, P. and Moffitt, R. (1994), "The Growth of Earnings Instability in the U.S. Labor Market", Brookings Papers on Economic...
  • Kennickell, A. (1998), Multiple Imputation in the Survey of Consumer Finances. Working paper SCF group, Federal Reserve Board.
  • Kennickell, A. (2000), Wealth Measurement in the Survey of Consumer Finances: Methodology and Directions for Future Research. Working paper...
  • Kessler, D. and Manson, A. (1989), "Demographic distributional effects of retirement schemes: a critical age", Paris, Mimeo.
  • Lambert, P. J. and Aronson, J. R. (1993), "Inequality Decomposition Analysis and the Gini Coefficient Revisited", The Economic Journal,...
  • Lerman, R.I. and Yitzhaki, S. (1985), "Income Inequality Effects by Income Source: A New Approach and Applications to the United States",...
  • Lopez-García, M. A. (2004), "Housing, prices and tax policy in Spain", Spanish Economic Review, 6: 29-52.
  • Modigliani, F. and Brumberg, R. (1954), Utility Analysis and the Comsuption Function: An Interpretation of Cross-Section Data, in: K. K. Kurihara,...
  • Mookherjee, D. and Shorrocks, A. F. (1982), "A Decomposition Analysis of the Trend in U.K. Income Inequality", The Economic Journal,...
  • Morduch, J. and Sicular, T. (2002), "Rethinking Inequality Decomposition with Evidence from Rural China", The Economic Journal, 112:...
  • Morissette, R., Zhang, X. and Drolet, M. (2002), "The Evolution of Wealth Inequality in Canada, 1984-1999". Statistics Canada, Analytical...
  • Naredo, J. M. (1993), "Composición y Distribución de la Riqueza de los Hogares Españoles", I Simposio sobe Igualdad y Distribución...
  • OECD Economic Outlook, Vol 2005/2, No.78, December.
  • Onrubia, J. and Rodado, M. C.(2010), "¿Cómo ha afectado la fiscalidad a la rentabilidad de la inversión en vivienda en España? Un análisis...
  • Perdiz, J. V. (2004), "La Riqueza de los Españoles y su Distribución", Unpublished paper, Universidad de Valladolid.
  • Rao, V. M. (1969), "Two Decompositions of Concentration Ratio", Journal of the Royal Statistical Society, Series A, 132: 418-425.
  • Radner, D. and Vaughan, D. (1987), "Wealth, Income, and the Economic Status of Aged Households" in E. Wolff (ed.), International Comparisons...
  • Sastre, M. and Trannoy, A. (2002), "Shapley Inequality Decomposition By Factor Components: Some Methodological Issues", in P.Moyes,...
  • Shorrocks, A. F., (1975), "The Age-Wealth Relationship: A Cross Section and Cohort Analysis", Review of Economics and Statistics,...
  • Shorrocks, A. F., (1978), "The Measurement of Mobility", Econometrica, 46: 1013-1024.
  • Shorrocks, A. F., (1982), "Inequality Decomposition by Factor Components", Econometrica, 50: 193-211.
  • Sierminska, E. and Smeeding, T. (2005), "Measurement Issues: Equivalence Scales, Accounting Framework, and Reference Unit", paper...
  • Sierminska, E., Brandolini, A. and Smeeding, T. (2006), "The Luxembourg Wealth Study: A Cross Country Comparable Database for Household...
  • Silverman, B. W. (1986), "Density Estimation for Statistics and Data Analysis" in Monographs on Statistics and Applied Probability...
  • Wolff, E. N. (1996), "International Comparisons of Wealth Inequality". Review of Income and Wealth, 42: 433-451.
  • Wolff, E. N. (1998), "Recent Trends in the Size Distribution of Household Wealth". Journal of Economic Perspectives, 12: 131-150.
  • Wolff, E. N. (1999), "Wealth Accumulation by Age Cohort in the U.S., 1962-1992: The Role of Savings, Capital Gains and Intergenerational...
  • Wolff, E. N., Zacharias, A., and Caner, A. (2005), "Household Wealth, Public Consumption and Economic Well Being in the United States"....