Abstract:In an earlier paper, we presented estimates of capital gains for a number of categories of assets owned by Belgian households. The purpose of the present paper is to see how the distribution of disposable income between socio‐economic groups is modified when one adopts a “broadened” definition of income which includes capital gains corrected for losses of purchasing power.
The main result of the study is that at current prices, the adoption of a broadened definition of income strongly increases disparities bet… Show more
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