caa a22 4500 445389095 CHVBK 20180317143041.0 cr unu---uuuuu 170323e20110301xx s 000 0 eng 10.1007/s10888-009-9125-4 doi (NATIONALLICENCE)springer-10.1007/s10888-009-9125-4 The impact of household capital income on income inequality—a factor decomposition analysis for the UK, Germany and the USA [Elektronische Daten] [Anna Fräßdorf, Markus Grabka, Johannes Schwarze] This paper analyses the contribution of capital income to income inequality in a cross-national comparison. Using micro-data from the Cross-National Equivalent File (CNEF) for three prominent panel studies, namely the BHPS for the UK, the SOEP for West Germany, and the PSID for the USA, we use the factor decomposition method described by Shorrocks (Econometrica 50:193-211, 1982). The factor decomposition of disposable income into single income components shows that capital income is exceedingly volatile and that its share in disposable income has risen recent years. Moreover, capital income makes a disproportionately high contribution to overall inequality in relation to its share in disposable income. This applies to Germany and the USA in particular. Thus capital income accounts for a large part of disparity in all three countries. Springer Science+Business Media, LLC., 2009 Capital income nationallicence CNEF nationallicence Factor decomposition nationallicence Inequality nationallicence Fräßdorf Anna Lehrstuhl für Volkswirtschaftslehre, insb. Empirische Mikroökonomik, Fakultät für Sozial- und Wirtschaftswissenschaften, University of Bamberg, Feldkirchenstrasse 21, 96045, Bamberg, Germany aut Grabka Markus German Institute for Economic Research, DIW Berlin/SOEP, Mohrenstraße 58, 10117, Berlin, Germany aut Schwarze Johannes Lehrstuhl für Volkswirtschaftslehre, insb. Empirische Mikroökonomik, Fakultät für Sozial- und Wirtschaftswissenschaften, University of Bamberg, Feldkirchenstrasse 21, 96045, Bamberg, Germany aut The Journal of Economic Inequality Springer US; http://www.springer-ny.com 9/1(2011-03-01), 35-56 1569-1721 9:1<35 2011 9 10888 https://doi.org/10.1007/s10888-009-9125-4 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10888-009-9125-4 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Fräßdorf Anna Lehrstuhl für Volkswirtschaftslehre, insb. Empirische Mikroökonomik, Fakultät für Sozial- und Wirtschaftswissenschaften, University of Bamberg, Feldkirchenstrasse 21, 96045, Bamberg, Germany aut NATIONALLICENCE 700 1- Grabka Markus German Institute for Economic Research, DIW Berlin/SOEP, Mohrenstraße 58, 10117, Berlin, Germany aut NATIONALLICENCE 700 1- Schwarze Johannes Lehrstuhl für Volkswirtschaftslehre, insb. Empirische Mikroökonomik, Fakultät für Sozial- und Wirtschaftswissenschaften, University of Bamberg, Feldkirchenstrasse 21, 96045, Bamberg, Germany aut NATIONALLICENCE 773 0- The Journal of Economic Inequality Springer US; http://www.springer-ny.com 9/1(2011-03-01), 35-56 1569-1721 9:1<35 2011 9 10888 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer