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The distribution of wealth in ZA
New work by Aroop Chatterjee, Léo Czajka and
Amory Gethin (2020):
Top 10% own 86% of weal...
Aroop Chatterjee, Léo Czajka and Amory Gethin (2021, DRAFT, not for citation)
Wealth inequality & social mobility
• higher inequality associated with lower social mobility
• larger wealth transfers te...
What can be done?
1. Better data!
2. Stem illicit financial flows
3. Inheritances taxes + wealth taxes
4. Reduce inequalit...
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Inequalities in Household Wealth and Financial Insecurity of Households, Ingrid Woolard

  1. 1. The distribution of wealth in ZA New work by Aroop Chatterjee, Léo Czajka and Amory Gethin (2020): Top 10% own 86% of wealth Top 0.1% own almost one third of wealth Top 0.01% (3,500 people) own about 15% About 45,000 US$ millionaires with collective wealth amounting to US$ 184 billion
  2. 2. Aroop Chatterjee, Léo Czajka and Amory Gethin (2021, DRAFT, not for citation)
  3. 3. Wealth inequality & social mobility • higher inequality associated with lower social mobility • larger wealth transfers tend to increase the persistence of earning levels across generations in the presence of credit constraints • Wealth inequality affects policies, institutions, and balance of power • Undermines social stability
  4. 4. What can be done? 1. Better data! 2. Stem illicit financial flows 3. Inheritances taxes + wealth taxes 4. Reduce inequality of opportunity 5. Improve credit markets 6. Help those at the bottom of the pyramid build up assets

Policy webinar on Inequalities in Household Wealth and Financial Insecurity of Households, organised by the OECD and EC DG Employment, 6 July 2021

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