Skopek, Nora and Buchholz, Sandra and Blossfeld, Hans-Peter (2011): Wealth inequality in Europe and the delusive egalitarianism of Scandinavian countries.
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Past sociological inequality research focused on (labor) market outcomes, while neglecting the even more important role of wealth. In our study we investigate the distribution of wealth among the elderly across Europe within the framework of Esping-Andersen’s typology of welfare states. Using SHARE data, our analyses suggest (1) that there is strong variation in the distribution of wealth between European countries, and (2) that patterns of wealth inequality differ strongly from patterns of income inequality. Surprisingly high levels of wealth disparity were found in the social democratic welfare regimes commonly known as very egalitarian societies. We conclude that Esping-Andersen’s scheme requires reconsideration because it is based on a one-sided understanding of social stratiﬁcation not accounting for the central role of wealth in the stratiﬁcation process.
|Item Type:||MPRA Paper|
|Original Title:||Wealth inequality in Europe and the delusive egalitarianism of Scandinavian countries|
|English Title:||Wealth inequality in Europe and the delusive egalitarianism of Scandinavian countries|
|Keywords:||Inequality, wealth, net worth, income, SHARE, stratiﬁcation, welfare state, Europe|
|Subjects:||D - Microeconomics > D3 - Distribution > D31 - Personal Income, Wealth, and Their Distributions|
|Depositing User:||Nora Skopek|
|Date Deposited:||09. Dec 2011 14:24|
|Last Modified:||12. Feb 2013 18:51|
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