Jump to ContentJump to Main Navigation
Income InequalityEconomic Disparities and the Middle Class in Affluent Countries$
Users without a subscription are not able to see the full content.

Janet C. Gornick and Markus Jantti

Print publication date: 2013

Print ISBN-13: 9780804778244

Published to Stanford Scholarship Online: January 2014

DOI: 10.11126/stanford/9780804778244.001.0001

Show Summary Details
Page of

PRINTED FROM STANFORD SCHOLARSHIP ONLINE (www.stanford.universitypressscholarship.com). (c) Copyright Stanford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in SSO for personal use.date: 04 June 2020

Public Pension Entitlements and the Distribution of Wealth

Public Pension Entitlements and the Distribution of Wealth

(p.362) Chapter Thirteen Public Pension Entitlements and the Distribution of Wealth
Income Inequality

Joachim R. Frick

Markus M. Grabka

Stanford University Press

Pension entitlements—whether statutory, occupational, or private—represent a considerable source of wealth. But despite the importance of this wealth component in obtaining unbiased wealth estimates, it has not been adequately investigated in research on wealth distributions. This chapter aims to show the relevance and magnitude of public pension wealth when considered in an augmented wealth measure. For a standard measure of net worth, the chapter uses of representative micro-data from the German Socio-Economic Panel Study (SOEP). Information about public pension entitlements is mainly derived from register data from the German Social Security Administration. The two data sources are combined by statistical matching. The results for the extended wealth measure indicate a very strong impact of pension entitlements on wealth levels and wealth aggregates, on the portfolio structure, as well as on wealth inequality, all of which reflect the dominant role of the public pension system in Germany.

Keywords:   public pension entitlements, wealth inequality, decomposition, statistical matching, SOEP, Luxembourg Wealth Study

Stanford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.