Wealth Inequality in the South: Multi‐Source Evidence from Uruguay
首次为乌拉圭构建了微观与宏观一致的财富总量及其分布序列，通过多种数据源估算出财富收入比和顶层1%财富份额，为发展中国家财富不平等研究提供了新证据。
While wealth accumulation and its distribution are arguably two of the key drivers of overall economic inequality, as well as being of major importance in their own right, very little is known about them in the developing world. I contribute to filling this gap by providing a micro–macro consistent series of aggregate wealth and its distribution in Uruguay. The country's balance sheet, which is not estimated by official institutions, is constructed for the first time by combining a wide array of data sources, leading to a book‐value wealth‐to‐income ratio of 450–500 percent. Private wealth distribution is then estimated based on the capitalization method, taking stock of combined survey‐tax‐national accounts micro‐data, resulting in a top 1 percent wealth share of 37–40 percent. Estimates are systematically compared with results based on the estate multiplier method, real estate wealth tax, household wealth survey, and Forbes billionaires list.