From: Jurriaan Bendien (adsl675281@TISCALI.NL)
Date: Sun Sep 10 2006 - 14:38:06 EDT
Just in case there are interested readers who want to explore the "net worth" issue further, for the sake of a more realistic picture of capital accumulation in modern times, here are a few links: United States: http://www.federalreserve.gov/pubs/oss/oss2/papers/concentration.2001.10.pdf http://www.census.gov/hhes/www/wealth/wealth.html Foreign contents of US household portfolios http://www.fma.org/SLC/Papers/Foreign_Contents.pdf A nice graph of US average household net worth and the savings rate as % of disposable personal income since 1970 here: http://www.bos.frb.org/education/workshops/2006/globalization/little.pdf Canada http://www.cbc.ca/story/news/national/2006/03/17/nationalnetworth-060317.html http://www.statcan.ca/english/freepub/13-605-XIE/2003001/chronology/2004networth/ New Zealand http://www2.stats.govt.nz/domino/external/web/prod_serv.nsf/874ea91c142289384c2567a80081308e/cbcbcaf5cee17dc1cc256c3d0078dadb/$FILE/Net%20worth.pdf Australia http://abs.gov.au/AUSSTATS/abs@.nsf/Latestproducts/5241.0Media%20Release1Jun%201996?opendocument&tabname=Summary&prodno=5241.0&issue=Jun%201996&num=&view http://melbourneinstitute.com/wp/wp2004n12.pdf Luxemburg European Household Wealth Project http://www.lisproject.org/lws.htm Sweden and some other European countries http://www.nek.uu.se/Pdf/wp2006_04.pdf China: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=904916
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