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World Distribution ofWorld Distribution ofHousehold WealthHousehold Wealth
James Davies, Susanna Sandstr James Davies, Susanna Sandstr ööm,m,Anthony Shorrocks and Edward WolffAnthony Shorrocks and Edward Wolff
5 December 20065 December 2006Foreign Press Association, LondonForeign Press Association, LondonUnited Nations Secretariat, New YorkUnited Nations Secretariat, New York
World Institute for Development EconomicsWorld Institute for Development EconomicsResearch of the United Nations UniversityResearch of the United Nations University
Objective of study:
To estimate the world distribution of household wealth acrossindividuals, countries and regionswealth =
real property
+
financial assets
–
debts
•results are for year
2000
•compared across countries using
exchange rates
or
PPP
•global wealth distribution for
adult
population
Estimation method
world wealth distribution needs information for each country on:(1)
population
(2)
average wealth level
: based on household balance sheets and wealth surveydata for 38 countries (56% of the world population and 80% of wealth)•extended by regression methods to most other countries•region-income class averages imputed to remaining countries(3)
distribution of wealth
: based on distribution data for 20 countries•wealth concentration estimated from income distribution for mostother countries•region-income class averages imputed to remaining countries
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