Wealth Inequality in Brazil

Davi Bhering and Fabio Avila de Castro
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Davi Bhering: PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, PJSE - Paris Jourdan Sciences Economiques - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement
Fabio Avila de Castro: Brazilian Federal Revenue Agency

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Abstract: This note provides novel estimates of wealth distribution in Brazil from 2006 to 2021, combining administrative and survey data. The estimations indicate that the wealthiest 1% of the population held 44.8% of the total wealth in 2006 and 46.8% in 2021. The increase was steeper for the top 0.01%, with the wealth share rising from 12.2% to 18%. Financial wealth is significantly more concentrated than real estate and becomes relatively more important as we move up the distribution. In the top 0.1%, financial wealth accounts for about 80% of reported wealth, while real estate represents no more than 15%. The greater relative importance of financial wealth at the very top, combined with the faster growth of financial wealth observed over the period, potentially explains the concentration trend.

Keywords: Wealth Distribution; Brazil (search for similar items in EconPapers)
Date: 2023-07
New Economics Papers: this item is included in nep-fdg
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-04166852v1
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