The Level and Distribution of Global Household Wealth

Davies, James; Sandström, Susanna; Shorrocks, Anthony; Wolff, Edward N.

doi:10.1111/j.1468-0297.2010.02391.x

Cited by 228 publications

(106 citation statements)

References 35 publications

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“…Of course, the relationship between financial assets and house prices is not linear. There are structural differences: the timing of lifecycle related purchases and sales of financial assets and housing are different (Yang, 2009) and financial asset ownership is much more concentrated than housing ownership (Davies et al, 2009). Nevertheless, exploring the relationship between housing and financial assets could pave the way for using the present results to better understand the impact of aging on financial asset prices.…”

Section: Resultsmentioning

confidence: 94%

Aging and house prices

Takáts

2012

Journal of Housing Economics

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Section: Resultsmentioning

confidence: 94%

Aging and house prices

Takáts

2012

Journal of Housing Economics

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“…We used estimates based on GDP and real per capita consumption data from national accounts (available from the corresponding author) 21 , 22 . Our method can use any established measure of country-level wealth per capita.…”

Section: Methodsmentioning

confidence: 99%

Estimating the absolute wealth of households

Hruschka

Gerkey

Hadley

2015

Bull. World Health Organ.

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ObjectiveTo estimate the absolute wealth of households using data from demographic and health surveys.MethodsWe developed a new metric, the absolute wealth estimate, based on the rank of each surveyed household according to its material assets and the assumed shape of the distribution of wealth among surveyed households. Using data from 156 demographic and health surveys in 66 countries, we calculated absolute wealth estimates for households. We validated the method by comparing the proportion of households defined as poor using our estimates with published World Bank poverty headcounts. We also compared the accuracy of absolute versus relative wealth estimates for the prediction of anthropometric measures.FindingsThe median absolute wealth estimates of 1 403 186 households were 2056 international dollars per capita (interquartile range: 723–6103). The proportion of poor households based on absolute wealth estimates were strongly correlated with World Bank estimates of populations living on less than 2.00 United States dollars per capita per day (R2 = 0.84). Absolute wealth estimates were better predictors of anthropometric measures than relative wealth indexes.ConclusionAbsolute wealth estimates provide new opportunities for comparative research to assess the effects of economic resources on health and human capital, as well as the long-term health consequences of economic change and inequality.

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“…It is obvious that tax policies favouring the rich aggravate wealth inequalities. Thus, in contrast to the moderate income inequality (Förster & d'Ercole, 2005; see also Figure 1), the wealth concentration in Switzerland is still one of the highest in the world (Gini = 0.80) (Davies et al, 2008; see also Dell et al, 2007). However, the extreme inequality in terms of wealth does not endanger social cohesion as long as the middle class is convinced that the benefits of the rich trickle down.…”

Section: High Quality Of Protection At Low Costmentioning

confidence: 96%

Preventing the Retrenchment of the Welfare State: Switzerland's Competitiveness in the World Market for Protection

Nollert

Schief

2011

Competition & Change

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Most welfare state typologies still characterize Switzerland as a liberal welfare regime. However, recent research shows that its welfare state did not retrench but instead moved towards the conservative type. Nevertheless, higher social expenditure has not been accompanied by increases in taxation. Moreover, Switzerland managed to overcome the so-called trilemma of the service economy. After analyzing the shift of the Swiss welfare state from a liberal to a conservative welfare regime, we argue that the Swiss economic success story of the twentieth century is based on a favourable policy mix (tax system, labour market, financial sector) used to compete successfully in the world market for protection. We conclude that, as a political entrepreneur, Switzerland has the capability to receive taxes and investments from foreign individuals and enterprises, wealthy residents and high-skilled and well-paid immigrants to finance the welfare state and to overcome the trilemma of the service economy.

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The Level and Distribution of Global Household Wealth

Cited by 228 publications

References 35 publications

Aging and house prices

Aging and house prices

Estimating the absolute wealth of households

Preventing the Retrenchment of the Welfare State: Switzerland's Competitiveness in the World Market for Protection

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