Wealth and Economic Inequality. Davies, J., B. Wealth and Economic Inequality. Oxford University Press, 2, 2012.
Wealth and Economic Inequality [link]Website  abstract   bibtex   
This article surveys the distribution of wealth and its relationship to economic inequality more broadly. It shows that wealth inequality is high and contributes significantly to inequality in income and consumption, although higher wealth inequality is not always an indicator of greater inequality in well-being. In particular, welfare state policies can improve the well-being of low income groups while at the same time reducing their incentive to save. This may lead to high observed wealth inequality in places where it would otherwise not be expected, such as some of the Scandinavian countries. More research is needed to better illuminate such connections between public policy and wealth inequality.
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 title = {Wealth and Economic Inequality},
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 year = {2012},
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 keywords = {Consumption inequality,Income inequality,Low income groups,Public policy,Scandinavia,Welfare states},
 websites = {http://oxfordhandbooks.com/view/10.1093/oxfordhb/9780199606061.001.0001/oxfordhb-9780199606061-e-6},
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 abstract = {This article surveys the distribution of wealth and its relationship to economic inequality more broadly. It shows that wealth inequality is high and contributes significantly to inequality in income and consumption, although higher wealth inequality is not always an indicator of greater inequality in well-being. In particular, welfare state policies can improve the well-being of low income groups while at the same time reducing their incentive to save. This may lead to high observed wealth inequality in places where it would otherwise not be expected, such as some of the Scandinavian countries. More research is needed to better illuminate such connections between public policy and wealth inequality.},
 bibtype = {inBook},
 author = {Davies, James B.},
 book = {The Oxford Handbook of Economic Inequality}
}

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