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Are those wealth or income coefficients? My impression has been that wealth inequality in many places in Europe is much higher than income inequality, as a fac

Are those wealth or income coefficients? My impression has been that wealth inequality in many places in Europe is much higher than income inequality, as a factor of it being an older society. The places in Europe I'd want to move to are really no cheaper to buy a house than the places I'd want to live in the US.

arcticbull 6y ago
I grabbed these from FRED and it looks like they use the income version, not the wealth version. [1] [1] https://fred.stlouisfed.org/series/SIPOVGINICAN https://fred.stlouisfed.org/series/SIPOVGINICAN
- majormajor 6y ago
  Gotcha, thanks. I pulled some city-level numbers and it seems like at least in some areas, European SWE are missing out compared to coastal US ones: London 2018: 0.7 https://www.ons.gov.uk/economy/nationalaccounts/uksectoraccounts/compendium/economicreview/february2020/analysingregionaleconomicandwellbeingtrends https://www.ons.gov.uk/economy/nationalaccounts/uksectoracco... SF 2012: 0.523 https://www.sfgate.com/bayarea/article/Income-inequality-on-par-with-developing-nations-5486434.php https://www.sfgate.com/bayarea/article/Income-inequality-on-... (probably this has gone up!) Paris 2015: ~0.492 https://www.institutmontaigne.org/en/blog/data-inequalities-france-doing-better-most-oecd-countries https://www.institutmontaigne.org/en/blog/data-inequalities-... (they just say "similar to brazil", which is 0.492 Its unfortunately harder to find a bunch of city-level data, I wasn't able to find any German cities on quick googling, so I'm definitely fulfilling stereotypes of "Americans who think of Europe as just a couple famous cities", but those capture at least a couple of major population centers that aren't so appealing if you're a dev compared to the US hotspots: they're still unequal, but suddenly you're not nearly as high on the totem pole.

arcticbull 6y ago

I grabbed these from FRED and it looks like they use the income version, not the wealth version. [1] [1] https://fred.stlouisfed.org/series/SIPOVGINICAN https://fred.stlouisfed.org/series/SIPOVGINICAN

majormajor 6y ago
Gotcha, thanks. I pulled some city-level numbers and it seems like at least in some areas, European SWE are missing out compared to coastal US ones: London 2018: 0.7 https://www.ons.gov.uk/economy/nationalaccounts/uksectoraccounts/compendium/economicreview/february2020/analysingregionaleconomicandwellbeingtrends https://www.ons.gov.uk/economy/nationalaccounts/uksectoracco... SF 2012: 0.523 https://www.sfgate.com/bayarea/article/Income-inequality-on-par-with-developing-nations-5486434.php https://www.sfgate.com/bayarea/article/Income-inequality-on-... (probably this has gone up!) Paris 2015: ~0.492 https://www.institutmontaigne.org/en/blog/data-inequalities-france-doing-better-most-oecd-countries https://www.institutmontaigne.org/en/blog/data-inequalities-... (they just say "similar to brazil", which is 0.492 Its unfortunately harder to find a bunch of city-level data, I wasn't able to find any German cities on quick googling, so I'm definitely fulfilling stereotypes of "Americans who think of Europe as just a couple famous cities", but those capture at least a couple of major population centers that aren't so appealing if you're a dev compared to the US hotspots: they're still unequal, but suddenly you're not nearly as high on the totem pole.