A Novel Sampling Strategy for Surveying High Net‐Worth Individuals—A Pretest Application Using the Socio‐Economic Panel

Schröder, Carsten; Bartels, Charlotte; Grabka, Markus M.; König, Johannes; Kroh, Martin; Siegers, Rainer

doi:10.1111/roiw.12452

Cited by 24 publications

(14 citation statements)

References 11 publications

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“…Indeed, economic inequality at the very top end of the income distribution (e.g., 99-95 or even 99.9-99 ratios) might have negative effects on subjective well-being because ordinary citizens might perceive top economic advancement as particularly unfair. Future research should identify ways to estimate extreme economic inequality reliably at the top end of the distribution (e.g., Schröder et al, 2019), and test the predictions we propose here.…”

Section: Discussionmentioning

confidence: 88%

Opposing Effects of Economic Inequality Concentrated at the Top or Bottom of the Income Distribution on Subjective Well-Being

Tan¹,

Jachimowicz²,

Smerdon³

et al. 2020

Preprint

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Prior studies commonly conceptualize economic inequality as income dispersion, predominantly operationalize it through the Gini coefficient—and find inconsistent results for the relationship to subjective well-being. We draw on prior research highlighting that two income distributions can have the same Gini coefficient but differ in where inequality is concentrated, and suggest that bottom-concentrated economic inequality (i.e., the ratio of the 50th to the 10th income percentile) and top-concentrated economic inequality (i.e., the ratio of the 95th to the 50th income percentile) have opposing effects on subjective well-being. We provide empirical support using zip-code level income ratios extracted from the American Community Survey matched to individual-level subjective well-being from the Gallup U.S. Poll (N = 573,025), which also reveals that these opposing effects are stronger for higher- than lower-income individuals. Where inequality is concentrated is thus crucial to understanding how economic inequality predicts subjective well-being and other outcomes of societal importance.

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Section: Discussionmentioning

confidence: 88%

Opposing Effects of Economic Inequality Concentrated at the Top or Bottom of the Income Distribution on Subjective Well-Being

Tan¹,

Jachimowicz²,

Smerdon³

et al. 2020

Preprint

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“…For example, the Panel of Household Finances in Germany has implemented an oversampling in regions with high income tax revenue to better represent the wealthy. The high-shareholder sample of the SOEP uses data from company registers to oversample from the population of wealthy (nonpublic) shareholders (see Schröder et al 2020).…”

Section: Available Data Infrastructures For Measuring the Wealth Distmentioning

confidence: 99%

Wealth Inequalities

König

Schröder

Wolff

2020

Handbook of Labor, Human Resources and Population Economics

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In many countries, wealth is highly concentrated, much more so than income. This review presents the long run trend of wealth inequality since the 1990s. Subsequently, it discusses the multitude of available datasets documenting and investigating wealth inequality and then critically evaluates the benefits and drawbacks of each. Following, an overview on descriptive studies of wealth inequality with a focus on augmented and pension wealth, portfolio composition, and intergenerational transmission is provided. Finally, the review details developments in structural models that explain the concentration of wealth. The evidence points to a sharp rise of wealth inequality beginning in the early 1990s through the mid-2010s in the United States. However, recent trends differ, for example, for Sweden and the United Kingdom. The last two decades have witnessed a virtual explosion of datasets on household wealth, including, notably, new internationally conformable databases such as the World Inequality Database, the Luxembourg Wealth Study Database, the Household Finance and Consumption Survey, and new administrative data from Nordic countries. The possibility to combine different datasets via record linkage or statistical matching further enlarges their research potential. Several new studies have expanded the concept of wealth from conventional marketable wealth to augmented wealth including pension and social security wealth. On the theoretical front, new modeling approaches have been devised to account for the extreme skewness in wealth distributions, including the introduction of heterogeneous rates of return by wealth class.

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“…The reduction in the share of the working population in the medium term will help stabilize or even reduce unemployment. However, such changes can hardly be considered positive, since the qualitative characteristics of the labor force become more important and determine a higher level of social risk [13].…”

Section: Social Factorsmentioning

confidence: 99%

Integrated Development of Rural Areas of Limited Potential for Social And Economic Growth

Plaksin¹,

Sabetova²,

Волкова³

et al. 2020

Proceedings of the International Conference on Policies and Economics Measures for Agricultural Development (AgroDevEco 2020)

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The subject of the study is the problem of the integrated development of rural areas of limited potential for socio-economic growth. The purpose of the work was the formation of a pool of risks arising from the uneven development of rural areas. The article systematizes the problem of managing the development of rural areas of limited potential for socioeconomic growth. The implementation of socio-economic development strategies for the rural areas of limited socioeconomic growth potential is a complex problem, determined by an aggregate set of goals and objectives, external factors, as well as specific characteristics of the region. The article specifies that the problems of managing the development of rural territories of limited potential for socio-economic growth at the current stage cannot be called sufficiently developed either from the point of view of economic and social efficiency or from the point of view of budgetary efficiency. The authors analyze the possible ways to overcome the problems of managing the integrated development of rural areas with limited potential for socio-economic growth. During the process of implementing the development strategies of the subregional territories of the Voronezh region till 2035, regular monitoring and control of the degree of implementation of the planned action program and achievement of the planned targets should be provided. If necessary, the program of action should be adjusted based on data from participants in the implementation of the strategy. At the same time, it is necessary to ensure maximum transparency of the monitoring data on the intermediate results of the strategy implementation for the population and the expert community, which will contribute to expanding the possibilities of direct public control and citizen participation in the implementation of the strategy. The solution of problems within the framework of these areas allow optimization of goal and objective setting of the territorial development of rural territories of limited potential for socioeconomic growth. Keywordsunevenness of territorial development, areas of limited potential for socio-economic growth, integrated development of rural areas.

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A Novel Sampling Strategy for Surveying High Net‐Worth Individuals—A Pretest Application Using the Socio‐Economic Panel

Cited by 24 publications

References 11 publications

Opposing Effects of Economic Inequality Concentrated at the Top or Bottom of the Income Distribution on Subjective Well-Being

Opposing Effects of Economic Inequality Concentrated at the Top or Bottom of the Income Distribution on Subjective Well-Being

Wealth Inequalities

Integrated Development of Rural Areas of Limited Potential for Social And Economic Growth

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