The Level and Distribution of Global Household Wealth

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

    Research output: Contribution to journalArticle

    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 languageEnglish (US)
    Pages (from-to)223-254
    Number of pages32
    JournalEconomic Journal
    Volume121
    Issue number551
    DOIs
    StatePublished - Mar 2011

    Fingerprint

    Wealth
    Household wealth
    Ownership
    Median
    Balance sheet
    Gini
    Survey data
    Distribution of wealth
    Assets
    Debt

    ASJC Scopus subject areas

    • Economics and Econometrics

    Cite this

    Davies, J. B., Sandström, S., Shorrocks, A., & Wolff, E. (2011). The Level and Distribution of Global Household Wealth. Economic Journal, 121(551), 223-254. https://doi.org/10.1111/j.1468-0297.2010.02391.x

    The Level and Distribution of Global Household Wealth. / Davies, James B.; Sandström, Susanna; Shorrocks, Anthony; Wolff, Edward.

    In: Economic Journal, Vol. 121, No. 551, 03.2011, p. 223-254.

    Research output: Contribution to journalArticle

    Davies, JB, Sandström, S, Shorrocks, A & Wolff, E 2011, 'The Level and Distribution of Global Household Wealth', Economic Journal, vol. 121, no. 551, pp. 223-254. https://doi.org/10.1111/j.1468-0297.2010.02391.x
    Davies JB, Sandström S, Shorrocks A, Wolff E. The Level and Distribution of Global Household Wealth. Economic Journal. 2011 Mar;121(551):223-254. https://doi.org/10.1111/j.1468-0297.2010.02391.x
    Davies, James B. ; Sandström, Susanna ; Shorrocks, Anthony ; Wolff, Edward. / The Level and Distribution of Global Household Wealth. In: Economic Journal. 2011 ; Vol. 121, No. 551. pp. 223-254.
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