Euro-Area Inequality Has Decreased Since 2015, ECB Data Show
- New ECB gauge examines wealth distribution in Europe
- Proportion of the wealthiest households still exceeds 43%
This article is for subscribers only.
Wealth difference among euro-zone households decreased over the past five years, while net wealth increased significantly, according to new European Central Bank research that might revive the debate on the role of monetary policy in battling inequality.
The new quarterly Distributional Wealth Accounts, which the ECB worked on for more than eight years and published for the first time on Monday, aim to provide distributional information on the wealth of households on a much higher frequency and at a more granular level, by linking national accounts with household survey data.