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Author: | Davies, J.B. (et al.) |
Title: | The level and distribution of global household wealth |
Journal: | Economic Journal
2011 : MAR, VOL 121:551 p. 223-254 |
Index terms: | household economics wealth incomes balance sheets distribution of wealth |
Freeterms: | Gini |
Language: | eng |
Abstract: | The level of average household wealth in all countries is estimated via the determinants of assets and debts for 39 countries which have balance sheet or survey data. The distribution of wealth in all countries is inferred from information on the pattern of wealth ownership for 20 countries (covering 59 % of world population). Combining the level and distribution figures suggests that median global was PPP $8,635 in the year 2000, and that $518,361 was needed to belong to the top percentile. The article has found that the global distribution of household wealth is highly concentrated; the top decile owned 71 % of world wealth and the global Gini value was 0,802. |
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