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Personal Wealth from a Global Perspective
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Personal Wealth from a Global Perspective

James B. Davies

Abstract

There is great media fascination in the activities and lifestyles of the super-rich. But personal wealth is also important for those of more modest means as a store of potential consumption, as a cushion against emergencies, and as collateral for business and investment loans. This book studies household assets and debts. It documents not only the level, distribution, and trend of wealth holdings in rich nations, but also addresses developing countries like China and India. The situation in Latin America and Africa is given attention along with the experiences of Russia and other transition co ... More

Keywords: super-rich, household assets, wealth holdings, land, property, global wealth

Bibliographic Information

Print publication date: 2008 Print ISBN-13: 9780199548880
Published to Oxford Scholarship Online: January 2009 DOI:10.1093/acprof:oso/9780199548880.001.0001

Authors

Affiliations are at time of print publication.

James B. Davies, editor
Professor and RBC Financial Group Fellow, Department of Economics, University of Western Ontario
Author Webpage

Contents

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Part I The Rich and the Super‐Rich

4 Concentration among the Rich

Anthony B. Atkinson

Part II Wealth Holdings in the Developing World and Transition Countries

6 The Distribution of Household Wealth in India

S. Subramanian and D. Jayaraj

8 Household Wealth in Latin America

Florencia Torche and Seymour Spilerman

12 Marketable Wealth in a Poor African Country: Wealth Accumulation by Households in Ghana

Ronelle Burger, Frikkie Booysen, Servaas van der Berg, and Michael von Maltitz

Part III The Role of Personal Assets in Economic Development and Performance

Part IV The Global Picture

19 The World Distribution of Household Wealth

James B. Davies, Susanna Sandström, Anthony Shorrocks, and Edward N. Wolff

End Matter