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Rethinking Global Wealth Inequality

Rethinking Global Wealth Inequality: The Role of Human Capital Olle Hammar, Ph.D. in Economics and researcher at the Institute for Futures Studies. In this paper, we introduce novel estimates of wealth inequality, integrating the standard household wealth concept with newly assessed individual human capital. Using microdata and national accounts from numerous countries since 2000, we explore the distribution across age, gender, education, and occupation. Our analysis reveals two key findings: 1) human capital is more evenly distributed than financial capital, and 2) total wealth, the sum of human and financial capital, is significantly more equal than financial wealth alone. This study offers a groundbreaking perspective on global wealth dynamics, emphasizing the critical, yet often overlooked, role of human capital in wealth distribution. If you wish to receive invitations to our seminars via email, subscribe here. https://www.iffs.se/en/about-us/newsl... Playlists by theme:    • Philosophy      • Political Science      • Democracy      • Economics      • Climate change   #inequality #research