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Comparing child wealth inequality across countries

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  • Pfeffer, Fabian T.
  • Waitkus, Nora

Abstract

This article compares the wealth situation of children across fourteen countries. Children experience lower levels of wealth than the rest of the population, seniors in particular. We show that, in most countries, child wealth is distributed substantially more unequally than the wealth of seniors. We also demonstrate that an international ranking of child wealth inequality diverges sharply from one based on child income inequality. The wealth situation of children in the United States is exceptional: they lag further behind seniors in terms of their wealth and face the highest levels of wealth inequality and, by far, wealth concentration.

Suggested Citation

  • Pfeffer, Fabian T. & Waitkus, Nora, 2021. "Comparing child wealth inequality across countries," LSE Research Online Documents on Economics 112761, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:112761
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    File URL: http://eprints.lse.ac.uk/112761/
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    References listed on IDEAS

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    1. Ansell, Ben, 2014. "The Political Economy of Ownership: Housing Markets and the Welfare State," American Political Science Review, Cambridge University Press, vol. 108(2), pages 383-402, May.
    2. Davies, James B. (ed.), 2008. "Personal Wealth from a Global Perspective," OUP Catalogue, Oxford University Press, number 9780199548897.
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    Cited by:

    1. Pfeffer, Fabian T. & Waitkus, Nora, 2021. "The Wealth Inequality of Nations," SocArXiv 6msuf, Center for Open Science.

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    More about this item

    Keywords

    children; cross-national comparison; income; wealth;
    All these keywords.

    JEL classification:

    • N0 - Economic History - - General

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