IDEAS home Printed from
   My bibliography  Save this book

Personal Wealth from a Global Perspective


  • Davies, James B.
    (Professor and RBC Financial Group Fellow, Department of Economics, University of Western Ontario)


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 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. Contributors to this volume - Janine Aron, Centre for the Study of African Economies, University of Oxford Juliano Assuncao, Pontifical Catholic University, Rio de Janeiro Anthony B. Atkinson, University of Oxford Frikkie Booysen, Centre for Health Systems Research and Development, University of the Free State Ronelle Burger, Stellenbosch University James B. Davies, Director of the Economic Policy Research Institute, University of Western Ontario Carmen Diana Deere, Director of the Center for Latin American Studies, University of Florida Cheryl R. Doss, Yale University Sergei Guriev, New Economic School, Moscow Patrick Honohan, Trinity College, Dublin Markus Jantti, Abo Akademi University D. Jayaraj, Madras Institute of Development Studies Shi Li, Director of the Center for Income Distribution and Poverty Studies, Beijing Normal University James C. MacGee, University of Western Ontario John Muellbauer, University of Oxford Henry Ohlsson, Uppsala University Sangeeta Pratap, Hunter College and the Graduate Center of the City University of New York Johan Prinsloo, University of the Free State, South Africa Erwan Quintin, Federal Reserve Bank of Dallas Andrei Rachinsky, Center for Economic and Financial Research, New Economic School, Moscow Christian Rogg, UK Department for International Development (DFID) Jesper Roine, SITE, Stockholm School of Economics Susanna Sandstrom, UNU-WIDER Anthony Shorrocks, Director, UNU-WIDER Eva Sierminska, CEPS/INSTEAD Seymour Spilerman, Center for the Study of Wealth and Inequality, Columbia University S. Subramanian, Madras Institute of Development Studies Florencia Torche, New York University and Center for the Study of Wealth and Inequality, Columbia University Servaas van der Berg, University of Stellenbosch, South Africa Michael von Maltitz, University of the Free State, South Africa Daniel Waldenstrom, Research Institute of Industrial Economics in Stockholm Edward N. Wolff, New York University and the Levy Economics Institute of Bard College Ruslan Yemtsov, World Bank Renwei Zhao, Institute of Economics, Chinese Academy of Social Sciences

Suggested Citation

  • Davies, James B. (ed.), 2008. "Personal Wealth from a Global Perspective," OUP Catalogue, Oxford University Press, number 9780199548897.
  • Handle: RePEc:oxp:obooks:9780199548897

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. repec:spr:empeco:v:54:y:2018:i:2:d:10.1007_s00181-017-1239-0 is not listed on IDEAS
    2. Berriel, Tiago Couto & Zilberman, Eduardo, 2011. "Targeting the poor: a macroeconomic analysis of cash transfer programs," FGV/EPGE Economics Working Papers (Ensaios Economicos da EPGE) 726, FGV/EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
    3. Richard M. Bird, 2014. "Global Taxes and International Taxation: Mirage and Reality," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1429, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
    4. repec:bla:revinw:v:63:y:2017:i:4:p:731-759 is not listed on IDEAS
    5. James B. Davies & Rodrigo Lluberas & Anthony F. Shorrocks, 2016. "Estimating the level and distribution of global wealth," WIDER Working Paper Series 003, World Institute for Development Economic Research (UNU-WIDER).
    6. International Monetary Fund, 2016. "Republic of Lithuania; Selected Issues," IMF Staff Country Reports 16/126, International Monetary Fund.
    7. Michael, Bryane & Hartwell, Christopher A. & Ho, Gary, 2013. "Does Financial Market Development Explain (or at Least Predict) the Demand for Wealth Management and Private Banking Services in Developing Markets?," EconStor Preprints 109960, ZBW - Leibniz Information Centre for Economics.
    8. Jonathan V. Beaverstock, 2011. "The Privileged World City: Private Banking, Wealth Management and the Bespoke Servicing of the Global Super-rich," Chapters,in: International Handbook of Globalization and World Cities, chapter 34 Edward Elgar Publishing.
    9. Carmen Diana Deere & Gina E. Alvarado & Jennifer Twyman, 2012. "Gender Inequality in Asset Ownership in Latin America: Female Owners vs Household Heads," Development and Change, International Institute of Social Studies, vol. 43(2), pages 505-530, March.

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oxp:obooks:9780199548897. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Economics Book Marketing). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.