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Personal Wealth from a Global Perspective$
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James B. Davies

Print publication date: 2008

Print ISBN-13: 9780199548880

Published to Oxford Scholarship Online: January 2009

DOI: 10.1093/acprof:oso/9780199548880.001.0001

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Concentration among the Rich

Concentration among the Rich

Chapter:
(p.64) 4 Concentration among the Rich
Source:
Personal Wealth from a Global Perspective
Author(s):

Anthony B. Atkinson (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199548880.003.0004

This study examines the concentration of wealth among the group of top wealth holders, defined as those with wealth in excess of a high cut‐off. The study begins by considering the definition of this cut‐off, analogous to the definition of a poverty line at the other end of the distribution. It then considers what can be learned about the proportion classified as ‘rich’ and about the concentration among the rich from four non‐survey sources: journalists' lists, estate data, wealth tax data, and investment income tax data. It starts off from the world's billionaires in 2006, but is particularly concerned with changes over time within countries, taking France, Germany, the UK, and the USA, to illustrate the different sources.

Keywords:   wealth, inequality, assets, rich

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