Universität zu Köln

Peichl, Andreas and Pestel, Nico ORCID: 0000-0003-0062-9514 (2013). Multidimensional affluence: theory and applications to Germany and the US. Appl. Econ., 45 (32). S. 4591 - 4602. ABINGDON: ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD. ISSN 1466-4283

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Abstract

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.

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Peichl, Andreas UNSPECIFIED UNSPECIFIED UNSPECIFIED Pestel, Nico UNSPECIFIED orcid.org/0000-0003-0062-9514 UNSPECIFIED
URN:	urn:nbn:de:hbz:38-473703
DOI:	10.1080/00036846.2013.795280
Journal or Publication Title:	Appl. Econ.
Volume:	45
Number:	32
Page Range:	S. 4591 - 4602
Date:	2013
Publisher:	ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
Place of Publication:	ABINGDON
ISSN:	1466-4283
Language:	English
Faculty:	Unspecified
Divisions:	Unspecified
Subjects:	no entry
Uncontrolled Keywords:	Keywords Language POVERTY Multiple languages Economics Multiple languages
URI:	http://kups.ub.uni-koeln.de/id/eprint/47370