Austria - Concentration of capital assessed - October 31, 2017

The national bank produces every year a database on the distribution of capital based on the so-called HFCS-system (Household Finance and Consumption Survey) of the European Central Bank, which calculates the financial situation of individual households. However, the financial situation of the superrich is not really captured by this method. In order to fill the gap, the Arbeiterkammer has assigned a team of researchers with the task to statistically analyse the inequality in capital ownership focusing on the top of the wealth distribution. The result is a working paper that reveals an undercoverage at the top of the distribution and a systematic underestimation of total wealth and wealth inequality.      

Read on: the working paper, in German …

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.eu. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

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