Evaluation of the Net Wealth in Bulgaria Using Data from the Global Wealth Databook of Shorrocks et al. (2023)

Petar Peshev ()
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Petar Peshev: University of National and World Economy, Sofia, Bulgaria

Nauchni trudove, 2024, issue 2, 53-64

Abstract: This research paper estimates the net wealth of an adult in Bulgaria, using data of Shorrocks et al. (2023). Net wealth per adult has a strong functional relationship with GDP per adult, corresponding on average to four times GDP per adult. Econometric research suggests net wealth per adult equals between $56,989 and $66,373. Net wealth is most sensitive to changes in wealth, in the form of real assets and to a lesser extent, to financial wealth and debt, and to changes in GDP per adult and the rate of change of the elderly population.

Keywords: net worth per adult; wealth in Bulgaria; regression analysis; wealth modelling (search for similar items in EconPapers)
JEL-codes: E01 E21 G51 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:natrud:y:2024:i:2:p:53-64

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