Overview

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 meansas a store of potential consumption, as a cushion against emergencies, and as collateral for business and investment loans. This book is the first global study of 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 countries. Components of household wealth like financial assets, land, and property are examined, as well as the gender division. Worldwide, it is estimated that the richest 2% own more than half of total global wealth, and that this elite group resides almost exclusively in North America, Western Europe, and rich Asia-Pacific countries.

Full Product Details

Author:   James B. Davies (Professor and RBC Financial Group Fellow, Department of Economics, University of Western Ontario)
Publisher:   Oxford University Press
Imprint:   Oxford University Press
Dimensions:   Width: 16.20cm , Height: 3.20cm , Length: 24.10cm
Weight:   0.895kg
ISBN:  

9780199548880

ISBN 10:   0199548889
Pages:   496
Publication Date:   13 November 2008
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   To order  
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.

Table of Contents

1: James B. Davies: An Overview of Personal Wealth Part I: The Rich and the Super-Rich 2: Markus Jäntti and Eva Sierminska: Survey Estimates of Wealth Holdings in OECD Countries: Evidence on the Level and Distribution across Selected Countries 3: Henry Ohlsson, Jesper Roine, and Daniel Waldenström: Long-Run Changes in the Concentration of Wealth: An Overview of Recent Findings 4: Anthony B. Atkinson: Concentration among the Rich Part II: Wealth Holdings in the Developing World and Transition Countries 5: Shi Li and Renwei Zhao: Changes in the Distribution of Wealth in China, 1995-2002 6: S. Subramanian and D. Jayaraj: The Distribution of Household Wealth in India 7: Sergei Guriev and Andrei Rachinsky: The Evolution of Personal Wealth in the Former Soviet Union and Central and Eastern Europe 8: Florencia Torche and Seymour Spilerman: Household Wealth in Latin America 9: Juliano Assunção: Land Reform and Land Holdings in Brazil 10: Janine Aron, John Muellbauer, and Johan Prinsloo: Estimating the Balance Sheet of the Personal Sector in an Emerging Market Country: South Africa, 1975-2003 11: Christian Rogg: Asset Portfolios in Africa: Evidence from Rural Ethiopia 12: Ronelle Burger, Frikkie Booysen, Servaas van der Berg, and Michael von Maltitz: Marketable Wealth in a Poor African Country: Using an Index of Consumer Durables to Investigate Wealth Accumulation by Households in Ghana Part III: The Role of Personal Assets in Economic Development and Performance 13: Patrick Honohan: Household Financial Assets in the Process of Development 14: John Muellbauer: Housing and Personal Wealth in a Global Context 15: Ruslan Yemtsov: Housing Privatization and Household Wealth in Transition 16: James C. MacGee: Land Titles, Credit Markets, and Wealth Distribution 17: Carmen Diana Deere and Cheryl R. Doss: Gender and the Distribution of Wealth in Developing Countries 18: Sangeeta Pratap and Erwan Quintin: The Informal Sector in Developing Countries: Output, Assets, and Employment Part IV: Who Owns the World? 19: James B. Davies, Susanna Sandström, Anthony Shorrocks, and Edward N. Wolff: The World Distribution of Household Wealth

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Author Information

James B. Davies received his BA from the University of Manitoba (1973) and his Ph.D. from the London School of Economics (1979). A faculty member at the University of Western Ontario in London, Canada, since 1977, he served as Chair of the Department of Economics from 1992 to 2001. Davies is the author of two books and numerous articles in academic journals and scholarly volumes. He has advised the Ontario and Canadian governments as well as the World Bank. Currently the managing editor of Canadian Public Policy, Davies has served for the last three years as director of the UNU-WIDER research project Personal Assets from a Global Perspective.

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