Revisiting Wealth Inequality. Morissette, R. & Zhang, X. Perspectives on Labour and Income, 7(12):5–16, 2006.
Revisiting Wealth Inequality [link]Link  abstract   bibtex   
Wealth provides access to economic resources. To mitigate the impact of unexpected expenses or income losses, those with a reserve of wealth can liquidate some of their financial or real assets. More positively, sufficient net worth allows the possibility to reduce work hours, make riskier investments, or try self-employment. On the other hand, lack of wealth makes these options less likely. Between 1984 and 1999, wealth inequality rose in Canada (Morissette, Zhang and Drolet 2002, 2006). In 1984, families and unattached individuals (hereafter referred to simply as families) in the top 10% of the wealth distribution held 52% of household wealth, excluding the value of employer-sponsored pension plans. Fifteen years later, they held 56%, and in 2005, 58%. Using the Assets and Debts Survey for 1984 and the Survey of Financial Security for 1999 and 2005, this article examines wealth distribution over the period from 1984 to 2005. Most of the analysis uses three different samples: all families, all families except those in the top 1%, and all families except those in the top 5%. Since the 1984 survey contained no information about employer-sponsored pensions, wealth, unless otherwise noted, excludes the value of work-related pension plans (see Data sources and definitions).
@article{MorissetteZhang2006,
  title = {Revisiting Wealth Inequality},
  author = {Morissette, Ren{\'e} and Zhang, Xuelin},
  year = {2006},
  journal = {Perspectives on Labour and Income},
  volume = {7},
  number = {12},
  pages = {5--16},
  url = {https://www150.statcan.gc.ca/n1/pub/75-001-x/11206/4168777-eng.htm},
  abstract = {Wealth provides access to economic resources. To mitigate the impact of unexpected expenses or income losses, those with a reserve of wealth can liquidate some of their financial or real assets. More positively, sufficient net worth allows the possibility to reduce work hours, make riskier investments, or try self-employment. On the other hand, lack of wealth makes these options less likely. Between 1984 and 1999, wealth inequality rose in Canada (Morissette, Zhang and Drolet 2002, 2006). In 1984, families and unattached individuals (hereafter referred to simply as families) in the top 10\% of the wealth distribution held 52\% of household wealth, excluding the value of employer-sponsored pension plans. Fifteen years later, they held 56\%, and in 2005, 58\%. Using the Assets and Debts Survey for 1984 and the Survey of Financial Security for 1999 and 2005, this article examines wealth distribution over the period from 1984 to 2005. Most of the analysis uses three different samples: all families, all families except those in the top 1\%, and all families except those in the top 5\%. Since the 1984 survey contained no information about employer-sponsored pensions, wealth, unless otherwise noted, excludes the value of work-related pension plans (see Data sources and definitions).},
  keywords = {Determinants of Wealth and Wealth Inequality,Intergenerational Wealth,Trends in Aggregate Wealth and Wealth Inequality}
}
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