Scientific article
OA Policy
English

Growth, income and wealth accumulation in rich countries

ContributorsMorgan, Marcorcid
Published inEkonomiaz, vol. 101, p. 202-221p.
Publication date2022
First online date2022
Abstract

This paper discusses estimates of the distribution of national income and wealth produced by the World Inequality Lab in its World Inequality Report 2022. The methodology combines all existing microeconomic data on incomes (surveys, tax data) with macroeconomic data (the system of national accounts). While growth has slowed in rich countries, private wealth accumulation has continued to accelerate and public wealth continued to decline in an era of rising asset prices. The importance of «pre-distributive» policies for income inequality, and «popular wealth» for wealth inequality is emphasised, as well as the differing effects of the financial and Covid crises. In an age of big data it is time for countries to reconcile sources to provide official distributional estimates consistent with macroeconomic growth.

Keywords
  • Economic growth
  • Income inequality
  • Wealth accumulation
  • Wealth inequality
Citation (ISO format)
MORGAN, Marc. Growth, income and wealth accumulation in rich countries. In: Ekonomiaz, 2022, vol. 101, p. 202–221p.
Main files (1)
Article (Published version)
accessLevelPublic
Identifiers
  • PID : unige:165373
Journal ISSN0213-3865
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273downloads

Technical informations

Creation29/11/2022 12:53:00
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