Abstract
This chapter examines the joint distribution of wealth and income in Germany, Italy, Luxembourg, Sweden, and the United States. Both the level household net worth and its main components are examined at the top and middle of the distribution as well as by income group. The chapter next examines the unconditional joint distribution of disposable income and net worth, which is found to be roughly similar across the countries. Descriptive bivariate regressions, using household composition, as well as the age and education level of the reference persons are estimated to gauge the extent to which the covariation of wealth and income is driven by observable characteristics as opposed to unobserved covariation.
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