IDEAS home Printed from https://ideas.repec.org/p/clr/mwugar/126.html
   My bibliography  Save this paper

Vermögen in Österreich

Author

Listed:
  • Paul Eckerstorfer
  • Johannes Halak
  • Jakob Kapeller
  • Bernhard Schütz
  • Florian Springholz
  • Rafael Wildauer

Abstract

Der Household Finance and Consumption Survey (HFCS) der europäischen Zentralbank (EZB) stellt die erste umfassende Erhebung zu Vermögen privater Haushalte in 15 Ländern der Eurozone, darunter auch Österreich, dar. Somit ermöglicht der HFCS erstmalig eine genaue Analyse der österreichischen Vermögensbestände sowie der Vermögensverteilung. Trotz akribischer Erhebung der Daten durch die Österreichische Nationalbank (OeNB) und das Institut für empirische Sozialforschung (IFES) besteht bei dieser Erhebung das Problem der fehlenden oder unzureichenden Erfassung der obersten Vermögensbestände, die in den Händen einiger weniger Haushalte konzentriert sind. Damit geht eine systematische Unterschätzung des Gesamtvermögens privater Haushalte in Österreich sowie eine Verzerrung der tatsächlichen Vermögensverteilung einher. Um diese Verzerrung zu kompensieren empfiehlt die einschlägige wissenschaftliche Literatur die Verwendung der Pareto-Verteilung. Bei dieser Methode wird unter Zuhilfenahme statistischer Tests postuliert, dass sich der oberste Rand der Vermögensverteilung durch eben jene Pareto-Verteilung näherungsweise darstellen lässt. In dem solcherart korrigierten Datensatz steigt das Gesamtvermögen der privaten Haushalte von etwa 1.000 Mrd. Euro auf 1.249 Mrd. Euro an. Besonders stark wirkt sich die Korrektur der Nicht- und Untererfassung auf den Vermögensbestand des reichsten Prozents aller Haushalte aus. Dieser steigt von durchschnittlich 6,4 Millionen Euro um 98,6% auf 12,7 Millionen Euro. Daraus ergibt sich unter anderem, dass die reichsten 10% der ÖsterreicherInnen nicht 61% (HFCS) sondern 69% des Gesamtvermögens besitzen. Dieses Ergebnis ist auch für die Frage einer möglichen Vermögensbesteuerung von Bedeutung, da das geschätzte Steueraufkommen aus einer etwaigen Vermögensbesteuerung direkt mit dem geschätzten Gesamtvermögen und seiner Verteilung zusammenhängt.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Paul Eckerstorfer & Johannes Halak & Jakob Kapeller & Bernhard Schütz & Florian Springholz & Rafael Wildauer, 2014. "Vermögen in Österreich," Working Paper Reihe der AK Wien - Materialien zu Wirtschaft und Gesellschaft 126, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik.
    • Handle: RePEc:clr:mwugar:126
    as

    Download full text from publisher

    File URL: https://emedien.arbeiterkammer.at/viewer/pdf/AC11650489/AC11650489.pdf
    File Function: Fulltext PDF of publication
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Anthony B. Atkinson & Thomas Piketty & Emmanuel Saez, 2011. "Top Incomes in the Long Run of History," Journal of Economic Literature, American Economic Association, vol. 49(1), pages 3-71, March.
    2. James B. McDonald, 2008. "Some Generalized Functions for the Size Distribution of Income," Economic Studies in Inequality, Social Exclusion, and Well-Being, in: Duangkamon Chotikapanich (ed.), Modeling Income Distributions and Lorenz Curves, chapter 3, pages 37-55, Springer.
    3. Anthony Barnes Atkinson, 2006. "Concentration among the Rich," WIDER Working Paper Series RP2006-151, World Institute for Development Economic Research (UNU-WIDER).
    4. Joachim R. Frick & Markus M. Grabka, 2009. "Gestiegene Vermögensungleichheit in Deutschland," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 76(4), pages 54-67.
    5. Klass, Oren S. & Biham, Ofer & Levy, Moshe & Malcai, Ofer & Solomon, Sorin, 2006. "The Forbes 400 and the Pareto wealth distribution," Economics Letters, Elsevier, vol. 90(2), pages 290-295, February.
    6. P. Jenkins, Stephen & Jäntti, Markus, 2005. "Methods for summarizing and comparing wealth distributions," ISER Working Paper Series 2005-05, Institute for Social and Economic Research.
    7. Peter Hoeller, 2012. "Less Income Inequality and More Growth – Are they Compatible? Part 4. Top Incomes," OECD Economics Department Working Papers 927, OECD Publishing.
    8. Cowell, Frank, 2011. "Inequality among the wealthy," LSE Research Online Documents on Economics 43897, London School of Economics and Political Science, LSE Library.
    9. Thomas Piketty & Emmanuel Saez, 2006. "The Evolution of Top Incomes: A Historical and International Perspective," American Economic Review, American Economic Association, vol. 96(2), pages 200-205, May.
    10. Kleiber, Christian, 1996. "Dagum vs. Singh-Maddala income distributions," Economics Letters, Elsevier, vol. 53(3), pages 265-268, December.
    11. Mauro Pisu, 2012. "Less Income Inequality and More Growth – Are they Compatible? Part 5. Poverty in OECD Countries," OECD Economics Department Working Papers 928, OECD Publishing.
    12. Singh, S K & Maddala, G S, 1976. "A Function for Size Distribution of Incomes," Econometrica, Econometric Society, vol. 44(5), pages 963-970, September.
    13. repec:cep:sticas:/150 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Stefan Humer & Mathias Moser & Matthias Schnetzer, 2014. "Sozioökonomische Charakteristika der Millionärshaushalte in Österreich," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 40(4), pages 649-657.
    2. Stefan Humer & Mathias Moser & Matthias Schnetzer, 2015. "Socioeconomic structures of the Austrian wealth distribution," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 42(2), pages 269-289, May.
    3. Hilde Weiss & Julia Hofmann, 2016. "Reichtum - Legitimation und Kritik," Working Paper Reihe der AK Wien - Materialien zu Wirtschaft und Gesellschaft 153, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik.
    4. Oliver Picek, 2018. "Kann nationale Konjunkturpolitik noch Beschäftigung schaffen?," Working Paper Reihe der AK Wien - Materialien zu Wirtschaft und Gesellschaft 180, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Vladimir Hlasny, 2021. "Parametric representation of the top of income distributions: Options, historical evidence, and model selection," Journal of Economic Surveys, Wiley Blackwell, vol. 35(4), pages 1217-1256, September.
    2. Paul Eckerstorfer & Johannes Halak & Jakob Kapeller & Bernhard Schütz & Florian Springholz & Rafael Wildauer, 2014. "Die Vermögensverteilung in Österreich und das Aufkommenspotenzial einer Vermögenssteuer," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 40(1), pages 63-81.
    3. Markus P. A. Schneider, 2013. "Race & Gender Differences in the Experience of Earnings Inequality in the US from 1995 to 2010," Working Papers 1303, New School for Social Research, Department of Economics.
    4. F. Clementi & M. Gallegati & G. Kaniadakis, 2012. "A generalized statistical model for the size distribution of wealth," Papers 1209.4787, arXiv.org, revised Dec 2012.
    5. Kazuhiko Kakamu, 2016. "Simulation Studies Comparing Dagum and Singh–Maddala Income Distributions," Computational Economics, Springer;Society for Computational Economics, vol. 48(4), pages 593-605, December.
    6. Andreas Peichl & Nico Pestel, 2013. "Multidimensional affluence: theory and applications to Germany and the US," Applied Economics, Taylor & Francis Journals, vol. 45(32), pages 4591-4601, November.
    7. F. Clementi & A. L. Dabalen & V. Molini & F. Schettino, 2020. "We forgot the middle class! Inequality underestimation in a changing Sub-Saharan Africa," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 18(1), pages 45-70, March.
    8. Frank A. Cowell & Philippe Kerm, 2015. "Wealth Inequality: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 29(4), pages 671-710, September.
    9. Vladimir Hlasny & Paolo Verme, 2022. "The Impact of Top Incomes Biases on the Measurement of Inequality in the United States," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 84(4), pages 749-788, August.
    10. UNDP Regional Bureau for Africa & Ayodele Odusola, "undated". "Fiscal Policy, Redistribution and Inequality in Africa," UNDP Africa Policy Notes 2017-08, United Nations Development Programme, Regional Bureau for Africa.
    11. Dorothée Boccanfuso & Bernard Decaluwé & Luc Savard, 2008. "Poverty, income distribution and CGE micro-simulation modeling: Does the functional form of distribution matter?," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 6(2), pages 149-184, June.
    12. Vladimir Hlasny & Paolo Verme, 2018. "Top Incomes and Inequality Measurement: A Comparative Analysis of Correction Methods Using the EU SILC Data," Econometrics, MDPI, vol. 6(2), pages 1-21, June.
    13. Frank A. Cowell & Russell Davidson & Emmanuel Flachaire, 2015. "Goodness of Fit: An Axiomatic Approach," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 33(1), pages 54-67, January.
    14. Kontbay-Busun, Sine & Peichl, Andreas, 2014. "Multidimensional affluence in income and wealth in the eurozone: A cross country comparison using the HFCS," ZEW Discussion Papers 14-124, ZEW - Leibniz Centre for European Economic Research.
    15. Markus Schneider, 2013. "Illustrating the Implications of How Inequality is Measured: Decomposing Earnings Inequality by Race and Gender," Journal of Labor Research, Springer, vol. 34(4), pages 476-514, December.
    16. repec:rac:ecchap:2017-08 is not listed on IDEAS
    17. Vinh, Andrea & Griffiths, William E. & Chotikapanich, Duangkamon, 2010. "Bivariate income distributions for assessing inequality and poverty under dependent samples," Economic Modelling, Elsevier, vol. 27(6), pages 1473-1483, November.
    18. Brzezinski, Michal, 2014. "Empirical modeling of the impact factor distribution," Journal of Informetrics, Elsevier, vol. 8(2), pages 362-368.
    19. Christian Kleiber, 2008. "A Guide to the Dagum Distributions," Economic Studies in Inequality, Social Exclusion, and Well-Being, in: Duangkamon Chotikapanich (ed.), Modeling Income Distributions and Lorenz Curves, chapter 6, pages 97-117, Springer.
    20. Odusola, Ayodele, 2017. "Fiscal Policy, Redistribution and Inequality in Africa," UNDP Africa Reports 267032, United Nations Development Programme (UNDP).
    21. José María Sarabia & Vanesa Jordá & Faustino Prieto & Montserrat Guillén, 2020. "Multivariate Classes of GB2 Distributions with Applications," Mathematics, MDPI, vol. 9(1), pages 1-21, December.

    More about this item

    Keywords

    Österreich; Vermögensverteilung;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:clr:mwugar:126. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Michael Birkner (email available below). General contact details of provider: https://edirc.repec.org/data/awakwat.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.