Global Wealth Inequality and Multinational Classification

Abstract

In this study, inequalities in the distribution of wealth at the global level were put forward and it was attempted to explain that global wealth, like other socioeconomic inequalities, displayed a similar appearance. In the study, it is aimed to identify similar countries with wealth distribution by moving from global wealth inequality and global distribution of household wealth. On the other hand, it is aimed to monitor the differences between the wealth composition of households in underdeveloped, developing and developed countries. In line with these basic objectives; It was aimed to determine the characteristics of countries with similar wealth structures for 171 countries. According to the similarities between the units studied in the study, clustering analysis method was used to collect and classify within certain groups, to reveal the common characteristics of the units and to make general definitions about these classes. In the last part of the study, Discriminant Analysis was applied to determine the significance of the groups obtained by the Cluster Analysis Method and the variables that are effective in group distinctions.