2019 GlobalWealthInequality

• (Zucman, 2019) ⇒ Gabriel Zucman. (2019). "Global Wealth Inequality". In: Annual Review of Economics Journal, 11. DOI:10.1146/annurev-economics-080218-025852

Subject Headings: Wealth Inequality.

Notes

• First published as a Review in Advance on May 13, 2019.

Cited By

• Google Scholar: ~ 18 Citations (Retrieved:2019-10-27).
• Semantic Scholar: ~ 2 Citations (Retrieved:2019-10-27).

Quotes

Author's Keywords

• Inequality, Wealth, Tax Havens, JEL D31, JEL E21, JEL H26.

Abstract

This article reviews the recent literature on the dynamics of global wealth inequality. I first reconcile available estimates of wealth inequality in the United States. Both surveys and tax data show that wealth inequality has increased dramatically since the 1980s, with a top 1% wealth share around 40% in 2016 vs. 25-30% in the 1980s. Second, I discuss the fast growing literature on wealth inequality across the world. Evidence points towards a rise in global wealth concentration: for China, Europe, and the United States combined, the top 1% wealth share has increased from 28% in 1980 to 33% today, while the bottom 75% share hovered around 10%. Recent studies, however, may under-estimate the level and rise of inequality, as financial globalization makes it increasingly hard to measure wealth at the top. I discuss how new data sources (leaks from financial institutions, tax amnesties, and macroeconomic statistics of tax havens) can be leveraged to better capture the wealth of the rich.

References

;

	Author	volume	Date Value	title	type	journal	titleUrl	doi	note	year
2019 GlobalWealthInequality	Gabriel Zucman			Global Wealth Inequality						2019