Estimating the Level and Distribution of Global Household Wealth

James Davies, Susanna Sandström, Anthony F. Shorrocks and Edward Wolff ()

No RP2007-77, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: We provide the first estimate of the level and distribution of global household wealth. Mean assets and debts within countries are measured, partly or wholly, for 38 countries using household balance sheet and survey data centred on the year 2000. Determinants of mean financial assets, non-financial assets, and liabilities are studied empirically, and the results are used to impute values to countries lacking wealth data. Household wealth per adult is US$43,494 in PPP terms, and ranges regionally from US$11,655 in Africa to US$193,147 in North America.

Keywords: Equality and inequality; Households; Income distribution; Wealth (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (19)

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