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<p class=MsoPlainText style='margin-left:.5in'><b><font size=2 color="#993300"
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:#993300;
font-weight:bold'>The World Distribution of Household Wealth<o:p></o:p></span></font></b></p>
<p class=MsoPlainText style='margin-left:.5in'><b><font size=2 color="#333399"
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:#333399;
font-weight:bold'><o:p> </o:p></span></font></b></p>
<p class=MsoPlainText style='margin-left:.5in'><font size=2 color=navy
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:navy'>Authors:
</span></font><font color="#333399" face=Arial><span style='font-family:Arial;
color:#333399'>The Director of UNU-WIDER Anthony Shorrocks</span></font><font
color=navy face=Arial><span style='font-family:Arial;color:navy'>, </span></font><font
color="#333399" face=Arial><span style='font-family:Arial;color:#333399'>James
Davies, Susanna Sandström, and Edward Wolff<o:p></o:p></span></font></p>
<p class=MsoPlainText style='margin-left:.5in'><b><font size=2 color="#333399"
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:#333399;
font-weight:bold'>World Institute for Development Economics Research of the
United <st1:place w:st="on"><st1:PlaceName w:st="on">Nations</st1:PlaceName> <st1:PlaceType
w:st="on">University</st1:PlaceType></st1:place> (UNU-WIDER)<o:p></o:p></span></font></b></p>
<p class=MsoPlainText style='margin-left:.5in'><b><font size=2 color="#333399"
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:#333399;
font-weight:bold'>5 December 2006:<o:p></o:p></span></font></b></p>
<p style='margin-left:.5in'><strong><b><font size=2 color="#333399" face=Arial><span
style='font-size:10.0pt;font-family:Arial;color:#333399;font-weight:normal'>Download
the full study: <a
href="http://www.wider.unu.edu/research/2006-2007/2006-2007-1/wider-wdhw-launch-5-12-2006/wider-wdhw-report-5-12-2006.pdf"
target="_blank"><b><font color="#333399"><span style='color:#333399;font-weight:
bold'>WIDER WDHW</span></font></b></a> (PDF 1,167KB), <a
href="http://www.wider.unu.edu/research/2006-2007/2006-2007-1/wider-wdhw-launch-5-12-2006/dssw.pps"
target="_blank"><b><font color="#333399"><span style='color:#333399;font-weight:
bold'>Powerpoint presentation</span></font></b></a> (PPT 7,003KB)</span></font></b></strong><b><font
size=2 color="#333399" face=Arial><span style='font-size:10.0pt;font-family:
Arial;color:#333399;font-weight:bold'><o:p></o:p></span></font></b></p>
<p class=MsoPlainText style='margin-left:.5in'><i><font size=2 color="#333399"
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:#333399;
font-style:italic'>Pioneering Study Shows Richest Two Percent Own Half World
Wealth<o:p></o:p></span></font></i></p>
<p class=MsoPlainText style='margin-left:.5in'><font size=2 color="#333399"
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:#333399'><o:p> </o:p></span></font></p>
<p class=MsoPlainText style='margin-left:.5in'><font size=2 color="#333399"
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:#333399'>The
richest 2% of adults in the world own more than half of global household wealth
according to a path-breaking study released today by the Helsinki-based World
Institute for Development Economics Research of the United Nations University
(UNU-WIDER). <o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:.5in;text-autospace:none'><font size=2
color="#333399" face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:#333399'><o:p> </o:p></span></font></p>
<p class=MsoNormal style='margin-left:.5in;text-autospace:none'><font size=2
color="#333399" face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:#333399'>Much of the wealth is concentrated in North America, Europe and
rich Asia-Pacific nations such as <st1:country-region w:st="on">Japan</st1:country-region>,
<st1:country-region w:st="on">Australia</st1:country-region> and the <st1:PlaceType
w:st="on">Republic</st1:PlaceType> of <st1:PlaceName w:st="on">Korea</st1:PlaceName>,
despite their comparatively small population when measured against Africa and
countries such as <st1:country-region w:st="on">China</st1:country-region> and <st1:place
w:st="on"><st1:country-region w:st="on">India</st1:country-region></st1:place>.<o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:.5in;text-autospace:none'><font size=2
color="#333399" face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:#333399'><o:p> </o:p></span></font></p>
<p class=MsoNormal style='margin-left:.5in;text-autospace:none'><font size=2
color="#333399" face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:#333399'>The UNU’s World Institute for Development Economics
Research (UNU-WIDER), which conducted the study, called it the first of its kind
to cover all countries and all major components of household wealth, including
financial assets, debts and tangible property such as land and buildings</span></font>.<br>
<br>
<strong><b><font size=2 color="#333399" face=Arial><span style='font-size:10.0pt;
font-family:Arial;color:#333399;font-weight:normal'>PRESS RELEASE in <a
href="http://www.wider.unu.edu/research/2006-2007/2006-2007-1/wider-wdhw-launch-5-12-2006/wider-wdhw-press-release-5-12-2006.pdf"
target="_blank"><b><font color="#333399"><span style='color:#333399;font-weight:
bold'>English</span></font></b></a> (PDF 254 KB), <a
href="http://www.wider.unu.edu/research/2006-2007/2006-2007-1/wider-wdhw-launch-5-12-2006/wider-wdhw-press-release-5-12-2006-FR.pdf"
target="_blank"><b><font color="#333399"><span style='color:#333399;font-weight:
bold'>French</span></font></b></a> (PDF 260 KB) and <a
href="http://www.wider.unu.edu/research/2006-2007/2006-2007-1/wider-wdhw-launch-5-12-2006/wider-wdhw-press-release-5-12-2006-SP.pdf"
target="_blank"><b><font color="#333399"><span style='color:#333399;font-weight:
bold'>Spanish</span></font></b></a> (PDF 160KB)</span></font></b></strong><font
size=2 color="#333399" face=Arial><span style='font-size:10.0pt;font-family:
Arial;color:#333399'><br>
<strong><b><font face=Arial><span style='font-family:Arial;font-weight:normal'>Links
to high resolution figures are at the end of this press release.</span></font></b></strong></span></font><strong><b><font
face="Times New Roman"><span style='font-weight:normal'><o:p></o:p></span></font></b></strong></p>
<p class=MsoNormal style='margin-left:.5in;text-autospace:none'><strong><b><font
size=2 color="#333399" face=Arial><span style='font-size:10.0pt;font-family:
Arial;color:#333399;font-weight:normal'><o:p> </o:p></span></font></b></strong></p>
<p style='margin-left:.5in'><font size=1 color=black face="Times New Roman"><span
style='font-size:8.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
12.0pt;margin-left:.5in'><font size=2 color="#333399" face=Arial><span
style='font-size:10.0pt;font-family:Arial;color:#333399'> *
* * * </span></font><font
color="#333399"><span style='color:#333399'><o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:.5in'><font size=1 color="#333399"
face=Arial><span lang=EN-GB style='font-size:7.5pt;font-family:Arial;
color:#333399'>This message from the Pan American Health Organization,
PAHO/WHO, is part of an effort to disseminate<br>
information Related to: Equity; Health inequality; Socioeconomic
inequality in health; Socioeconomic<br>
health differentials; Gender; Violence; Poverty; Health Economics; Health
Legislation; Ethnicity; Ethics;<br>
Information Technology - Virtual libraries; Research & Science issues.
[DD/ IKM Area] </span></font><font color="#333399"><span
style='color:#333399'><o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:.5in'><font size=1 color="#333399"
face=Arial><span lang=EN-GB style='font-size:7.5pt;font-family:Arial;
color:#333399'>“Materials provided in this electronic list are provided
"as is". Unless expressly stated otherwise, the findings<br>
and interpretations included in the Materials are those of the authors and not
necessarily of The Pan American <br>
Health Organization PAHO/WHO or its country members”.</span></font><font
size=1 color="#333399" face=Arial><span lang=EN-GB style='font-size:8.0pt;
font-family:Arial;color:#333399'><br>
------------------------------------------------------------------------------------</span></font><font
color="#333399"><span style='color:#333399'><o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:.5in'><font size=1 color="#333399"
face=Arial><span lang=EN-GB style='font-size:8.0pt;font-family:Arial;
color:#333399'>PAHO/WHO Website: <a href="http://www.paho.org/"
title="http://www.paho.org/"><font color="#333399" title="http://www.paho.org/"><span
title="http://www.paho.org/"><span title="http://www.paho.org/"><span
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</span></font><font color="#333399"><span style='color:#333399'><o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:.5in'><font size=1 color="#333399"
face=Arial><span lang=EN-GB style='font-size:8.0pt;font-family:Arial;
color:#333399'>EQUITY List - Archives - Join/remove: <a
href="http://listserv.paho.org/Archives/equidad.html"
title="http://listserv.paho.org/Archives/equidad.html"><font color="#333399"
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title="http://listserv.paho.org/Archives/equidad.html"><span
title="http://listserv.paho.org/Archives/equidad.html"><span
title="http://listserv.paho.org/Archives/equidad.html">http://listserv.paho.org/Archives/equidad.html</span></span></span></font></span></span></a></span></span>
</span></font><font color="#333399"><span style='color:#333399'><o:p></o:p></span></font></p>
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style='font-size:12.0pt;font-family:Arial;color:#333399'><o:p> </o:p></span></font></p>
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face=Arial><span style='font-size:10.0pt;font-family:Arial;color:#333399'><o:p> </o:p></span></font></p>
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face=Arial><span style='font-size:10.0pt;font-family:Arial;color:#333399'><o:p> </o:p></span></font></p>
<p class=MsoPlainText style='margin-left:.5in'><font size=2 color="#333399"
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:#333399'>.<o:p></o:p></span></font></p>
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