Title: Personal wealth from a global perspective /
Authors: Davies, James B., 1951-; World Institute for Development Economics Research.
Publisher: Oxford University Press,
Year: 2008
Subjects: Wealth.; Economic development.; Income distribution.; Rijkdom.; Economische ontwikkeling.; Inkomensverdeling.
Abstract: "There is great media fascination in the activities and lifestyles of the super-rich. But personal wealth is also important for those of more modest means - as a store of potential consumption, as a cushion against emergencies, and as collateral for business and investment loans. This book is the first global study of household assets and debts. It documents not only the level, distribution, and trend of wealth holdings in rich nations, but also addresses developing countries like China and India. The situation in Latin America and Africa is given attention along with the experiences of Russia and other transition countries. Components of household wealth like financial assets, land, and property are examined, as well as the gender division. Worldwide, it is estimated that the richest 2% own more than half of total global wealth, and that this group resides almost exclusively in North America, Western Europe, and rich Asia-Pacific countries."--Jacket.
Contents: An overview of personal wealth / James B. Davies -- Survey estimates of wealth holdings in OECD countries: evidence on the level and distribution across selected countries / Markus Jäntti, Eva Sierminska -- Long-run changes in the concentration of wealth: an overview of recent findings / Henry Ohlsson, Jesper Raine, Daniel Waldenström -- Concentration among the rich / Anthony B. Atkinson -- Changes in the distribution of wealth in China, 1995-2002 / Shi Li, Renwei Zhao -- The distribution of household wealth in India / S. Subramanian, D. Jayataj -- The evolution of personal wealth in the former Soviet Union and central and eastern Europe / Sergei Guriev, Andrei Rachinsky -- Household wealth in Latin America / Florencia Torche, Seymour Spilerman -- Land reform and land holdings in Brazil / Juliano Assunção -- Estimating the balance sheet of the personal sector in an emerging market country: South Africa, 1975-2005 / Janine Aron, John Muellbauer, Johan Prinslao -- Asset portfolios in Africa: evidence from rural Ethiopia / Christian Rogg -- Marketable wealth in a poor African country: wealth accumulation by households in Ghana / Ronelle Burger ... [et al.] -- Household financial assets in the process of development / Patrick Honohan -- Housing and personal wealth in a global context / John Muellbauer -- Housing privatization and household wealth in transition / Ruslan Yemtsov -- Land titles, credit markets, and wealth distributions / James C. MacGee -- Gender and the distribution of wealth in developing countries / Carmen Diana Deere, Cheryl R. Doss -- The informal sector in developing countries: output, assets, and employment / Sangeeta Pratap, Erwan Quintin -- The world distribution of household wealth / James B. Davies ... [et al.].