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THE SIZE DISTRIBUTION OF PERSONAL WEALTH IN THE REPUBLIC OF IRELAND 1
Author(s) -
Lyons Patrick M.
Publication year - 1974
Publication title -
review of income and wealth
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.024
H-Index - 57
eISSN - 1475-4991
pISSN - 0034-6586
DOI - 10.1111/j.1475-4991.1974.tb00916.x
Subject(s) - economics , distribution (mathematics) , estate , personal income , real estate , capital (architecture) , wealth distribution , national wealth , order (exchange) , demographic economics , distribution of wealth , econometrics , duty , actuarial science , macroeconomics , geography , mathematics , finance , inequality , political science , mathematical analysis , archaeology , law
This paper presents the results of applying the mortality multiplier approach to estate duty statistics in order to estimate the size distribution of personal wealth in the Republic of Ireland. It commences with an examination of the limitations of the estate duty statistics, a discussion of the problems involved in collecting the data, and a short consideration of the mortality multipliers used. Estimates are presented for the size distribution of personal wealth, and the distribution of wealth between age groups. Some comparisons are given with wealth in Northern Ireland, Great Britain and the U.S.A. Estimates of the components of personal capital were not found possible. Finally, preliminary estimates are made for the distribution of wealth among married and single persons, in order to provide the basis for an analysis of wealth possessed by wealth‐owning units (defined as single males, single females and married couples). By making extreme assumptions, upper and lower limits are placed on the actual pattern of the size distribution of wealth by wealth‐owning units.