Personal Wealth From a Global Perspective 2008
DOI: 10.1093/acprof:oso/9780199548880.003.0008
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8 Household Wealth in Latin America

Abstract: This paper provides a descriptive analysis of wealth ownership and wealth inequality in Latin American countries, using diverse published sources and primary data analysis for 16 nations. We produce estimates of the distribution of home ownership, land, and financial assets, and find very high wealth concentration in all these types of assets, with the partial exception home ownership. The relevance of informal assets and the historical patterns of wealth accumulation and concentration since colonial times are… Show more

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Cited by 23 publications
(19 citation statements)
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References 330 publications
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“…The Gini index's estimate of total wealth in 1991 came to .604, significantly lower than the equivalent figure for 1985–1986, .654. The Gini land value coefficient increased over the course of this period, reaching the value of .924, in line with the findings of Torche and Spilerman (). Internal migration goes far to explain this increase, accompanied as it was by a reduction in the number of households in agricultural regions and thus an increase in land concentration.…”
Section: Consumption and Wealth Inequalitysupporting
confidence: 90%
“…The Gini index's estimate of total wealth in 1991 came to .604, significantly lower than the equivalent figure for 1985–1986, .654. The Gini land value coefficient increased over the course of this period, reaching the value of .924, in line with the findings of Torche and Spilerman (). Internal migration goes far to explain this increase, accompanied as it was by a reduction in the number of households in agricultural regions and thus an increase in land concentration.…”
Section: Consumption and Wealth Inequalitysupporting
confidence: 90%
“…In the latter, the term asset is assigned to material items with a market value, whilst in the region the term refers to tangible and intangible resources [20,21]. Similar categories of assets have been commonly grouped into domains of capital such as Human capital (e.g.…”
Section: Introductionmentioning
confidence: 99%
“…La distinción es menos significativa en la mayoría de América Latina. Dada la concentración en la propiedad de la tierra (Torche & Spilerman 2008), pequeños agricultores controlan cantidades mínimas de tierra y por lo general se dedican a la agricultura de subsistencia. Como resultado, los agricultores en América Latina están lejos de una burguesía rural y más cerca del proletariado rural.…”
Section: Comparación Internacional Del Análisis De Movilidad De Claseunclassified