Global trends in relative and absolute wealth concentrations

Thomas Goda

No 10897, Documentos de Trabajo de Valor Público from Universidad EAFIT

Abstract: This paper compares changes in relative and absolute wealth concentrations to establish if both processes have followed similar trajectories. The findings indicate that while the level of relative wealth concentration has increased recently, it is not extraordinarily high in an historical perspective. On the contrary, the level of absolute wealth concentration is most likely higher than that previously occurred because of the increase in the wealth holdings and population size of high net worth individuals. The sustainability of this on-going absolute concentration of wealth is questionable insofar as the resulting pressure of investor demand for safe securities poses a potential threat for financial stability.

Keywords: wealth inequality; wealth concentration; extraordinary wealth; high net worth individuals (search for similar items in EconPapers)
JEL-codes: D31 E21 N30 P46 (search for similar items in EconPapers)
Pages: 25
Date: 2014-01-21
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://repository.eafit.edu.co/bitstream/handle/10 ... quence=3&isAllowed=y
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to repository.eafit.edu.cobitstream:443 (No such host is known. ) (http://repository.eafit.edu.co/bitstream/handle/10784/1281/2014_01_Thomas_Goda.pdf?sequence=3&isAllowed=y [302 Found]--> https://repository.eafit.edu.cobitstream/handle/10784/1281/2014_01_Thomas_Goda.pdf?sequence=3&isAllowed=y)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:col:000122:010897

Access Statistics for this paper

More papers in Documentos de Trabajo de Valor Público from Universidad EAFIT Contact information at EDIRC.
Bibliographic data for series maintained by Valor Público EAFIT - Centro de estudios e incidencia ().