The blog Arbeit & Wissenschaft comments (in German) the ECB-publication on earnings and wealth that came out shortly before Christmas 2016. The ECB-publication reveals that the richest 10% of households in the Eurozone owns more than 50% of all capital (the richest 5% in total 38%). This share increased during the crisis. In the blog the methodology is criticised because information of the superrich is missing and, as a consequence, the real size of inequality is blurred. If the ECB-policy on taxation and transfers is based on such incomplete figures, the authors see a risk of neglect of the interests of large parts of the society. The blog refers also to an earlier own compilation (in German) with inequality analyses by several authors.
Comments by A&W (in German): http://blog.arbeit-wirtschaft.at/neue-daten ...
ECB-press statement: http://www.ecb.europa.eu/press …
The ECB-report: http://www.ecb.europa.eu/pub/pdf ...
The A&W compilation (in German): http://blog.arbeit-wirtschaft.at/wp-content ...
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