Abstract
Eva Sierminska and Thesia I. Garner (2005) "A
Comparison of Income, Expenditures, and Home Market Value Distributions
Using Luxembourg Income Study Data from the 1990's".
The purpose of this paper is to review recent data made available through
the Luxembourg Income Study (LIS) that include expenditures and asset
valuations. The LIS data are augmented with comparable data from the U.S.
Consumer Expenditure Survey. The surveys with expenditure data are
reviewed in terms of collection units and variable definitions. Inequality
statistics are produced and compared using income, expenditures, and
market value of owned home. Rankings of countries by income and
expenditure inequality are similar but not the same across the countries
studied. Suggestions are made for the LIS to improve the expenditure data
available following the COICOPS framework.
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