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Research Article
Open Access

Comparing Child Wealth Inequality Across Countries

Fabian T. Pfeffer, Nora Waitkus
RSF: The Russell Sage Foundation Journal of the Social Sciences August 2021, 7 (3) 28-49; DOI: https://doi.org/10.7758/RSF.2021.7.3.02
Fabian T. Pfeffer
aAssociate professor and associate chair of the Department of Sociology and director of the Center for Inequality Dynamics at the University of Michigan, United States
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Nora Waitkus
bPostdoctoral researcher at the International Inequalities Institute at the London School of Economics, United Kingdom
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Abstract

This article compares the wealth situation of children across fourteen countries. Children experience lower levels of wealth than the rest of the population, seniors in particular. We show that, in most countries, child wealth is distributed substantially more unequally than the wealth of seniors. We also demonstrate that an international ranking of child wealth inequality diverges sharply from one based on child income inequality. The wealth situation of children in the United States is exceptional: they lag further behind seniors in terms of their wealth and face the highest levels of wealth inequality and, by far, wealth concentration.

  • wealth
  • children
  • cross-national comparison
  • income
  • © 2021 Russell Sage Foundation. Pfeffer, Fabian T., and Nora Waitkus. 2021. “Comparing Child Wealth Inequality Across Countries.” RSF: The Russell Sage Foundation Journal of the Social Sciences 7(3): 28–49. DOI: 10.7758 /RSF.2021.7.3.02. Direct correspondence to: Fabian T. Pfeffer at fpfeffer{at}umich.edu, 2042 Institute for Social Research, 426 Thompson St., Ann Arbor, MI 48104, United States.

Open Access Policy: RSF: The Russell Sage Foundation Journal of the Social Sciences is an open access journal. This article is published under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.

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RSF: The Russell Sage Foundation Journal of the Social Sciences: 7 (3)
RSF: The Russell Sage Foundation Journal of the Social Sciences
Vol. 7, Issue 3
1 Aug 2021
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Comparing Child Wealth Inequality Across Countries
Fabian T. Pfeffer, Nora Waitkus
RSF: The Russell Sage Foundation Journal of the Social Sciences Aug 2021, 7 (3) 28-49; DOI: 10.7758/RSF.2021.7.3.02

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Comparing Child Wealth Inequality Across Countries
Fabian T. Pfeffer, Nora Waitkus
RSF: The Russell Sage Foundation Journal of the Social Sciences Aug 2021, 7 (3) 28-49; DOI: 10.7758/RSF.2021.7.3.02
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  • Article
    • Abstract
    • BACKGROUND AND APPROACH
    • DATA AND MEASURES
    • RESULTS
    • WEALTH INEQUALITY OF CHILDREN
    • CONCLUSION
    • APPENDIX A. DESCRIPTIVES
    • APPENDIX B. HOUSEHOLD-LEVEL ANALYSES
    • APPENDIX C. HOUSEHOLD-SIZE ADJUSTMENTS
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Keywords

  • wealth
  • children
  • cross-national comparison
  • income

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