The Level and Distribution of Global Household Wealth

James B. Davies; Susanna Sandström; Anthony Shorrocks; Edward N. Wolff

doi:10.1111/j.1468-0297.2010.02391.x

The Level and Distribution of Global Household Wealth

James B. Davies, Susanna Sandström, Anthony Shorrocks, Edward N. Wolff

Research output: Contribution to journal › Article › peer-review

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 wealth was PPP$8,635 in the year 2000, and that PPP$518,361 was needed to belong to the top percentile. The top decile owned 71% of world wealth and the global Gini value was 0.802.

Original language	English (US)
Pages (from-to)	223-254
Number of pages	32
Journal	Economic Journal
Volume	121
Issue number	551
DOIs	https://doi.org/10.1111/j.1468-0297.2010.02391.x
State	Published - Mar 2011

ASJC Scopus subject areas

Economics and Econometrics

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10.1111/j.1468-0297.2010.02391.x

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The Level and Distribution of Global Household Wealth

Abstract

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